Penske Automotive Group to be taken private by Penske Corporation and Mitsui & Co.

Penske Automotive Group has entered into a merger agreement to be taken private by Motown Acquisition Corp., an entity owned by Penske Corporation and Mitsui & Co., for $212.00 per share in cash, valuing the company at an enterprise value of approximately $16.3 billion. Upon completion, Penske will hold about 64% and Mitsui 36%.

“Penske Automotive Group Announces Agreement to be Taken Private by Penske Corporation and Mitsui & Co.”investors.penskeautomotive.com

• 1 source
• investors.penskeautomotive.comPenske Automotive Group, Inc. - Penske Automotive Group Announces Agreement to be Taken Private by Penske Corporation and Mitsui & Co.Oct 15, 2026

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