Valvoline (VVV, Financial) and Greenbriar Equity Group have each been issued a Request for Additional Information and Documentary Material by the U.S. Federal Trade Commission. This request is part of the regulatory review process concerning Valvoline's intended acquisition of Breeze Autocare from Greenbriar.
The issuance of this Second Request prolongs the waiting period mandated by the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The waiting period will now remain in effect until 30 days after both Valvoline and Greenbriar have sufficiently addressed the FTC's inquiries, unless it is either voluntarily extended by both parties or terminated earlier by the FTC.
Completion of the acquisition hinges not only on the conclusion or cessation of this waiting period but also on meeting other standard closing criteria. Valvoline has expressed a commitment to working collaboratively with the FTC to facilitate the transaction's approval and remains optimistic about concluding the acquisition in the latter half of fiscal 2025.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for Valvoline Inc (VVV, Financial) is $43.63 with a high estimate of $48.00 and a low estimate of $40.00. The average target implies an upside of 33.21% from the current price of $32.75. More detailed estimate data can be found on the Valvoline Inc (VVV) Forecast page.
Based on the consensus recommendation from 15 brokerage firms, Valvoline Inc's (VVV, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Valvoline Inc (VVV, Financial) in one year is $63.67, suggesting a upside of 94.41% from the current price of $32.75. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Valvoline Inc (VVV) Summary page.
