08:10 AM EDT, 04/11/2025 (MT Newswires) -- Valvoline ( VVV ) said Friday it and Greenbriar Equity Group have received the US Federal Trade Commission's second request for additional information and documentary material related to the company's proposed acquisition of Breeze Autocare from Greenbriar.
The second request extends the waiting period imposed by the Hart-Scott-Rodino Antitrust Improvements Act to 30 days after the companies have fulfilled the requests, Valvoline ( VVV ) said.
The company said it intends to complete the takeover in H2. The deal was announced in February, under which Valvoline ( VVV ) agreed to acquire Breeze Autocare for roughly $625 million in cash.
Shares of Valvoline ( VVV ) were down 1% in recent Friday premarket activity.