Penske Corporation, Mitsui agree to acquire Penske Automotive Group

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: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Penske Automotive Group Inc. published the original content used to generate this news brief via (Ref. ID: 202610150650PR_NEWS_USPR_____DE72926) on October 15, 2026, and is solely responsible for the information contained therein. (C)