National Oilwell Varco Completes Spinoff of Distribution Business - Modern Distribution Management

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National Oilwell Varco Completes Spinoff of Distribution Business

NOW Inc. will trade on the NYSE under the ticker DNOW.
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National Oilwell Varco Inc., Houston, TX, (NYSE: NOV) has completed the spinoff to its stockholders of its distribution business as an independent public company, NOW Inc. (NYSE: DNOW).

Merrill A. “Pete” Miller Jr. has stepped down as the NOV’s executive chairman to become the executive chairman of NOW.

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