Brief: Valvoline Continues To Accelerate Network Growth Adding Nearly 200 Stores

Valvoline

20/02/2025 11:34

Feb 20 (Reuters) - Valvoline Inc  VVV.N :
    * VALVOLINE INC. CONTINUES TO ACCELERATE NETWORK GROWTH;
ADDING
NEARLY 200 STORES WITH DEFINITIVE AGREEMENT TO ACQUIRE BREEZE
AUTOCARE
    * VALVOLINE INC - TO ACQUIRE BREEZE AUTOCARE FOR $625
MILLION
    * VALVOLINE INC - ACQUISITION TO BE FUNDED WITH NEWLY ISSUED
TERM
LOAN B
    * VALVOLINE INC - TRANSACTION EXPECTED TO BE NEUTRAL TO EPS
IN
FIRST YEAR
    * VALVOLINE INC: TRANSACTION IS EXPECTED TO BE ACCRETIVE
OVER TIME
    * VALVOLINE INC - WILL PAUSE ITS SHARE REPURCHASE ACTIVITY

Source text:  ID:nPn18QdNQa 
Further company coverage:  VVV.N 

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