Deal values Penske Automotive at $16.3 billion enterprise value
Story updates
10:51:13 AM UTC
SquawkNews
Penske Automotive Group agreed to be taken private by Penske Corporation and Mitsui at $212.00 per share in cash, valuing the company at an enterprise value of about $16.3B, subject to approvals and expected to close in Q1 2027.Material DetailsContext by AI AnalystThis formalizes a previously signa…
11:15:08 AM UTC
SquawkNews
By Colin KellaherPenske Automotive Group has agreed to be taken private by its biggest investors in a deal that gives the transportation-services company an enterprise value of about $16.3 billion.Penske Automotive on Thursday said privately held Penske Corp. and Japan's Mitsui & Co. have agreed to…