MRC Global Inc. has provided an update on its pending combination with DNOW Inc. Under the terms of the agreement, Buck Merger Sub, Inc., a wholly-owned subsidiary of DNOW, will merge with and into MRC Global, with MRC Global continuing as the surviving entity. Immediately after, MRC Global will merge with and into Stag Merger Sub, LLC, another DNOW subsidiary, resulting in LLC Sub becoming the surviving company and a direct subsidiary of DNOW. As of November 3, 2025, all required regulatory approvals for the transaction have been received, and the closing remains subject to the satisfaction or waiver of customary closing conditions. This update was disclosed by MRC Global Inc.
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