DNOW Inc. (DNOW) and MRC Global Inc. have entered into a definitive merger agreement.
DNOW will acquire MRC Global in an all-stock transaction valued at approximately $1.5 billion.
MRC Global shareholders will receive 0.9489 shares of DNOW common stock for each share they own, representing an 8.5% premium.
The combination of DNOW and MRC Global will create a premier energy and industrial solutions provider with a balanced portfolio and diversified customer base, enhancing long-term profitability and cash flow generation, said DNOW President and CEO David Cherechinsky.
The transaction is anticipated to close in the fourth quarter of 2025.
