Valvoline boosts remaining share repurchase authorization to $500 million
VVV•Valvoline’s board expanded its share repurchase authorization by $175 million, lifting remaining capacity to $500 million; management expects buybacks to resume after fiscal year results, subject to business and market conditions.
1. Repurchase authorization
The board expanded Valvoline’s share repurchase authorization by $175 million, bringing remaining capacity to $500 million. Management expects to resume repurchases following release of fiscal year results, subject to business and market conditions. Buybacks may take place through open-market or privately negotiated transactions, including accelerated share repurchases or Rule 10b5-1 plans; the authorization has no expiration date.
