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Valvoline Inc . (NYSE:VVV), currently trading at $38.57 with a market capitalization of $4.9 billion, announced Monday that it has amended its merger agreement related to the proposed acquisition of OC IntermediateCo, the parent company of Breeze Autocare and operator of Oil Changers quick lube stores. According to InvestingPro analysis, Valvoline maintains a "GOOD" overall financial health score, suggesting solid fundamentals for this strategic move. The amendment extends the termination date of the transaction to the later of November 15, 2025, or the date when all closing conditions have been satisfied, according to a statement filed with the Securities and Exchange Commission.
The extension comes as Valvoline and Greenbriar Equity Group, the parent of OC IntermediateCo, continue to respond to a request for additional information from the U.S. Federal Trade Commission. The FTC issued this request in April as part of its review of the proposed merger. Valvoline stated that it is maintaining discussions with the FTC regarding the regulatory process. The company’s strong financial position is evident in its healthy gross profit margin of 38.5% and revenue growth of 7.5% over the last twelve months.
The revised agreement also adjusts the closing date to the fifteenth day after all closing conditions are met, or the next business day if that date is not a business day, unless the parties agree otherwise.
The proposed transaction, first announced on February 17, 2025, would see OC IntermediateCo become a wholly owned subsidiary of Valvoline through a merger with OCI Merger Sub Inc., a Valvoline subsidiary. Breeze Autocare, through its subsidiaries, operates Oil Changers quick lube stores.
Valvoline’s common stock is listed on the New York Stock Exchange under the ticker VVV.
All information in this article is based on a press release statement included in Valvoline’s recent SEC filing.
In other recent news, Valvoline Inc. reported its third-quarter 2025 earnings, exceeding analysts’ expectations. The company achieved an earnings per share (EPS) of $0.47, surpassing the forecasted $0.45, which represents a 4.44% surprise. Valvoline also outperformed revenue projections, reporting $439 million against the anticipated $436.74 million. These developments reflect positive financial performance for the quarter. The announcement follows a period where the company has been closely watched by investors. Analysts had anticipated these results, and the earnings beat indicates strong management execution. Investors are keenly observing how Valvoline continues to perform in the coming quarters. The company’s financial results are a key focus, given the competitive landscape. These recent developments highlight Valvoline’s ability to surpass market expectations.
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