Valvoline Inc. Receives Second Request from Federal Trade Commission Related to the Proposed Acquisition of Breeze Autocare

Core Points - Valvoline Inc. announced that it and Greenbriar Equity Group received a Second Request from the U.S. Federal Trade Commission regarding the acquisition of Breeze Autocare [1] - The Second Request extends the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act until 30 days after compliance with the requests [2] - The acquisition's completion is contingent on the expiration of the waiting period and other customary closing conditions, with expectations to close in the second half of fiscal 2025 [3] Company Overview - Valvoline Inc. operates over 2,000 service centers in the U.S. and Canada, providing more than 28 million services annually, including oil changes and maintenance services [4]