$vtnr: clears the decks with $140m sale of UMO
$vtnr announced this evening a really smart move selling their used motor oil business for $140m. This eliminates the risk of a secondary to fund the purchase in the 4Q. Go back to our $vtnr write up June 12th for details on dilution potential and you can see how smart this deal now looks. Having said that, they are ready for closure, we sure hope She…