Summary
- The Federal Trade Commission has finalized a consent order addressing antitrust concerns in the Valvoline-Greenbriar deal.
- The order mandates the divestiture of 45 quick-lube oil change shops to maintain competition in 25 local markets where Valvoline and Greenbriar's Oil Changers compete.
- Main Street Auto LLC will acquire these outlets and operate them under the Oil Changers brand.
- This decision aims to prevent higher prices and lower quality services for quick-lube oil changes across several states, including California and Michigan.
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