Saudi Aramco Buys Valvoline's Product Business for $2.6 Billion

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Here's a deal that was nailed down under slippery circumstances, which is exactly how both parties wanted it.

Petroleum giant Saudi Aramco announced Monday that it has agreed to buy the lubricants business of Valvoline, the century-and-a-half-old purveyor of motor oils, transmission fluids, coolants and other slick automotive products, for the nontrivial price of $2.6 billion.

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Source Fool.com