MRC Global Inc. is set to combine with DNOW Inc. through a two-step merger process, according to a recent company filing. Under the agreement, Buck Merger Sub, Inc., a wholly owned subsidiary of DNOW, will first merge with MRC Global, with MRC Global continuing as the surviving entity. Immediately following this step, MRC Global will merge with Stag Merger Sub, LLC, another DNOW subsidiary, which will remain as the surviving company and become a direct subsidiary of DNOW. The expiration of the required waiting period has been confirmed, and the transaction is now pending customary closing conditions and remaining regulatory approvals.
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