Valvoline Receives Second Request From FTC On Proposed Acquisition Of Breeze Autocare

(RTTNews) - Valvoline Inc.(VVV), a retail automotive services company, on Friday along with Greenbriar Equity Group, announced that they received a 'Second Request' from the U.S. Federal Trade Commission or FTC related to the proposed acquisition of Breeze Autocare from Greenbriar. The transaction is expected to close in the second half of fiscal 2025.

The second request is for more information and documents as part of the FTC's review of Valvoline's plan to acquire Breeze Autocare.

The Second Request extends the waiting period under Hart-Scott-Rodino Antitrust Improvements Act until 30 days after achieving compliance by Valvoline and Greenbriar.

In the pre-market trading, Valvoline is 0.98% lesser at $32.43 on the New York Stock Exchange.