Penske Automotive Agrees to $16.3 Billion Take-Private Deal
Penske Automotive Group said it agreed to be taken private by its largest shareholders, Penske Corp and Japan's Mitsui. The deal values the auto retailer at about $16.3 billion, including debt.
Penske Automotive Group (NYSE:PAG) said Thursday that it agreed to a take-private deal with its largest shareholders, Penske Corp and Mitsui (TSE:8031). The transaction values the auto retailer at about $16.3 billion, including debt.