Engine Capital Pushes MRC Global to Explore Sale
- Company has feuded with another investor Cornell over loans
- Activist said MRC could get $14 to $18 in a potential sale
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Engine Capital is urging pipe, valves and fittings distributor MRC Global Inc. to consider exploring a sale.
The activist investor said in its third-quarter letter to investors, which was viewed by Bloomberg News, that the company’s stock is “deeply undervalued.”