Penske Corporation, Mitsui agree to acquire Penske Automotive Group
Bitget2026/10/15 10:50- Penske Corporation and Mitsui agreed to acquire the remaining Penske Automotive Group common stock for $212 per share in cash.
- The deal values the business at approximately $16.3 billion, including debt.
- The offer represents an 8.84% premium to the October 14, 2026, closing share price.
- Penske will hold approximately 64% of the privately held company, with Mitsui owning 36%.
- Closing is expected in the first quarter of 2027, subject to regulatory and shareholder approvals; no financing condition applies.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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