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 6