DNOW to acquire MRC Global in $1.5 billion all-stock deal
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FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) -Energy and industrial products supplier DNOW said on Thursday it would buy MRC Global in an all-stock deal valued at $1.5 billion, including debt.
The combined company will operate over 350 service and distribution locations in more than 20 countries, serving customers across the upstream, midstream, downstream, gas utility, and broader industrial sectors.
The transaction is expected to close in the fourth quarter of 2025.
(Reporting by Arunima Kumar in Bengaluru; Editing by Mohammed Safi Shamsi)
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