BRIEF-Valvoline Continues To Accelerate Network Growth Adding Nearly 200 Stores-March 2024-www.financetom.com

BRIEF-Valvoline Continues To Accelerate Network Growth Adding Nearly 200 Stores

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BRIEF-Valvoline Continues To Accelerate Network Growth Adding Nearly 200 Stores

Feb 20, 2025 3:56 AM

Feb 20 (Reuters) - Valvoline Inc ( VVV ):

* VALVOLINE INC. ( VVV ) CONTINUES TO ACCELERATE NETWORK GROWTH;

ADDING

NEARLY 200 STORES WITH DEFINITIVE AGREEMENT TO ACQUIRE BREEZE

AUTOCARE

* VALVOLINE INC ( VVV ) - TO ACQUIRE BREEZE AUTOCARE FOR $625

MILLION

* VALVOLINE INC ( VVV ) - ACQUISITION TO BE FUNDED WITH NEWLY ISSUED

TERM

LOAN B

* VALVOLINE INC ( VVV ) - TRANSACTION EXPECTED TO BE NEUTRAL TO EPS

FIRST YEAR

* VALVOLINE INC ( VVV ): TRANSACTION IS EXPECTED TO BE ACCRETIVE

OVER TIME

* VALVOLINE INC ( VVV ) - WILL PAUSE ITS SHARE REPURCHASE ACTIVITY

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