Aramco Approached Valvoline About Potential Takeover

State oil giant Saudi Aramco approached Valvoline Inc. about a takeover deal, according to people familiar with the matter.

The negotiations are in the early stages and there is no guarantee the two sides will reach an agreement, they said. Valvoline has a market value of about $5.4 billion. Aramco Approached Valvoline About Potential Takeover

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