1. KSF investigates MRC Global's proposed sale to DNOW Inc. 2. Shareholders will receive 0.9489 DNOW shares for each MRC share. 3. The adequacy of this consideration is being questioned. 4. Concerns about potential undervaluation of MRC are highlighted.
The investigation raises concerns over potential undervaluation, which may depress MRC's stock price. Historical examples show similar investigations generally lead to reduced investor confidence.
The outcome of this investigation directly affects MRC's perceived value and shareholder sentiment, creating significant implications for its stock price.
The investigation's implications on stock value and sentiment may manifest quickly, influencing near-term trading. Precedents indicate that such news often leads to immediate price reactions.
NEW YORK CITY & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of MRC Global Inc. (NYSE: MRC) to DNOW Inc. (NYSE: DNOW). Under the terms of the proposed transaction, shareholders of MRC will receive 0.9489 shares of DNOW for each share of MRC that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nyse-mrc/ to learn more.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
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