Research from Water Tower Research, Water Tower Research

Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

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<ul><li>Votes are scheduled on September 9, 2025, for shareholders of DNOW and MRC Global to approve the proposed merger between the two companies that was announced on June 26, 2025.</li><li>Closing would take place following receipt of all necessary regulatory approvals and is currently expected in 4Q25.</li><li>The proposed transaction brings together DNOW’s leadership position in the upstream and midstream energy sectors and MRC Global’s leadership in the downstream and gas utilities sectors and will extend DNOW’s global footprint.</li></ul>

Votes are scheduled on September 9, 2025, for shareholders of DNOW and MRC Global to approve the proposed merger between the two companies that was announced on June 26, 2025.Closing would take place following receipt of all necessary regulatory approvals and is currently expected in 4Q25.The proposed transaction brings together DNOW’s leadership position in the upstream and midstream energy sectors and MRC Global’s leadership in the downstream and gas utilities sectors and will extend DNOW’s global footprint.

DNOW, Inc: Proposed Merger Adds Customer and Industrial Market Diversity

NOW Inc

DNOW, Inc: Proposed Merger Adds Customer and Industrial Market Diversity