Brief: DNOW To Buy MRC Global In $1.5 Billion All-Stock Deal
26/06/2025 22:45
June 26 (Reuters) - Dnow Inc DNOW.N: DNOW AND MRC GLOBAL TO COMBINE IN ALL-STOCK TRANSACTION CREATING A PREMIER ENERGY AND INDUSTRIAL SOLUTIONS PROVIDER DNOW INC - TO BUY MRC GLOBAL IN $1.5 BILLION ALL-STOCK DEAL DNOW INC - DEAL EXPECTED TO BE ACCRETIVE TO ADJUSTED EPS IN FIRST YEAR DNOW INC - MRC GLOBAL SHAREHOLDERS TO RECEIVE 0.9489 DNOW SHARES PER MRC SHARE DNOW INC - COMBINED COMPANY ENTERPRISE VALUE ABOUT $3.0 BILLION DNOW INC - DAVID CHERECHINSKY TO BE CEO, MARK JOHNSON TO BE CFO OF COMBINED COMPANY DNOW INC - EXPECTED TO REALIZE $70 MILLION ANNUAL COST SYNERGIES WITHIN THREE YEARS OF CLOSING DEAL Source text: ID:nBwbV13Cca Further company coverage: DNOW.N ((Reuters.Briefs@thomsonreuters.com;))