Deals
Pipe and Fittings Distributor MRC Global Explores Potential Sale
- MRC surges as much as 12% as it works with financial advisers
- Houston-based MRC under pressure from activist Engine Capital
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MRC Global Inc., a pipe and fittings distributor in the cross hairs of activist investor Engine Capital, is exploring a sale, according to people familiar with the matter.
The Houston-based company is working with financial advisers to seek interest from potential buyers, said the people, who asked to not be identified because the details are private. MRC has drawn interest from private equity firms, the people said. No final decision has been made and MRC could opt to remain independent.