UPDATE: Citi Assumes Valvoline (VVV) at Buy

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 11/4/2026

1. AMD
2. BKNG
3. AMGN
4. DOX
5. DUOL
6. ANET
7. SWKS
8. SPY
9. XYZ
10. FISV

Go back to UPDATE: Citi Assumes Valvoline (VVV) at Buy

Valvoline Announces Agreement for Sale of Global Products Business for $2.65 Billion in Cash

August 1, 2022 6:30 AM EDT

Reports Preliminary Financial Results for Fiscal Third Quarter 2022

Transaction will successfully complete separation of Global Products and Retail Services businesses transforming Valvoline into a pure-play automotive service provider with targeted 20%+ earnings per share (EPS) growthValvoline to capitalize on highly compelling growth opportunities, while accelerating Retail Services evolution as hybrid and electric vehicle (EV) population growsValvoline expects to use estimated $2.25 billion in net cash proceeds from Global Products sale to accelerate return of capital to shareholders, reduce debt and invest in Retail Services businessPreliminary revenue... More