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Alan Fournier, Pennant Capital Take 7.3% Stake in MRC Global

Alan Fournier, the founder and managing member of Pennant Capital Management, a long/short hedge fund, just revealed he has taken a new 7.3% stake in MRC Global Inc (NYSE:MRC). Shares of the PVF energy company are up 9.5% year-to-date.

PENNANT CAPITAL MANAGEMENT

Disclosure: none

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