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MRC Global Inc to acquire Chaparral Supply LLC's assets plus executes five year supply agreement.

Europe Intelligence Wire

(From M2 Equity Bites)

Pipe & valve company MRC Global Inc (NYSE:MRC) revealed on Tuesday the launch of an agreement, subject to customary closing conditions, to acquire the majority of the operating assets of Chaparral Supply LLC for an undisclosed value.

Chaparral Supply LLC, which is a wholly owned subsidiary of SandRidge Energy Inc (NYSE:SD), reportedly provides pipe, valve and fitting …

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MRC strikes deal with SandRidge for Chaparral Supply.: News wire article from: Europe Intelligence Wire June 9, 2012 700+ words

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