DNOW Inc. (NYSE: DNOW) to acquire MRC Global in $1.5 billion all-stock deal

DNOW announced an all-stock acquisition of MRC Global valued at approximately $1.5 billion, expected to generate $70 million in annual cost synergies and expand their global footprint, while Lindsay Corporation reported a 22% revenue increase driven by strong international irrigation growth, despite a decrease in net earnings due to the absence of a one-time tax credit.