MRC Global Inc., a Delaware corporation, announced an update regarding its merger agreement with DNOW Inc., also a Delaware corporation. The agreement entails a two-step merger process. Initially, Buck Merger Sub, Inc., a wholly-owned subsidiary of DNOW, will merge with MRC Global, with the latter continuing as the surviving corporation. Subsequently, MRC Global will merge with Stag Merger Sub, LLC, another wholly-owned subsidiary of DNOW. This transaction follows a previously announced agreement and aims to create strategic synergies between the companies. MRC Global has provided additional disclosures to address shareholder concerns and facilitate the merger's progression.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MRC Global Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-192857), on August 29, 2025, and is solely responsible for the information contained therein.