UPDATE: Citi Assumes Valvoline (VVV) at Buy

Valvoline (VVV) PT Lowered to $39 at Jefferies

Jefferies analyst Laurence Alexander lowered the price target on Valvoline (NYSE: VVV) to $39.00 (from $40.00) while maintaining a Hold rating after the company announced the sale of its Global Products business to Saudi Aramco as the company transitions to a pure-play auto aftermarket preventative maintenance... More

Saudi Aramco Acquires Valvoline (VVV) Global Products Business for $2.65bn

Valvoline (NYSE: VVV), the vehicle care products company, announced Monday that it is selling its Valvoline's Global Products business for $2.65 billion in cash to Saudi Aramco.

Valvoline said the move will allow it to focus n its retail services business. The company said it will use the estimated $2.25 billion in net cash proceeds to... More

Valvoline fuels retail drive with $2.65 billion lubricants unit sale to Saudi Aramco

(Reuters) -Valvoline Inc is selling its unit that makes lubricants, coolants and other automotive products to state-owned Saudi Aramco for $2.65 billion in cash to sharpen focus on its retail services business.

The deal announced on Monday builds on the company's plan to separate the two units, with the sale proceeds set to fuel an expansion of the vehicle... More

Valvoline (VVV) Sells Global Products Business for $2.65B Cash

Valvoline Inc. (NYSE: VVV) today announced that it has reached a definitive agreement with Aramco for the sale of Valvoline's Global Products business for $2.65 billion in cash.

"The sale of Global Products will represent the successful outcome of our strategy to unlock the full, long-term value of our strong but differentiated Retail Services and Global Products businesses," said Sam Mitchell, Valvoline CEO. "We have built two leading businesses that are well-positioned for continued success as they pursue their individual strategic priorities.

"After closing, we will focus on our market leading Retail Services business,... More