Penske Automotive Group Announces Agreement to be Taken Private by Penske Corporation and Mitsui & Co.
Penske Automotive Group agreed to be taken private by Penske Corporation and Mitsui & Co. at $212.00 per share in cash, valuing the company at roughly $16.3 billion enterprise value. The price represents an 8.6% premium to the July 21, 2026 close, 20-26% premiums to 60- and 90-day VWAPs, and 8.84% above the prior-day close; the Special Committee unanimously recommended the deal after a review by independent advisors. Post-closing ownership will be split 64% Penske and 36% Mitsui, the deal carries no financing condition, and PAG shares will be delisted from the NYSE once the transaction closes, expected in Q1 2027.
Key figures
- Deal Value Usd
- 16300000000
- Offering Price
- 212
- Expected close
- Q1 2027
- Buyer ownership
- 64% Penske / 36% Mitsui
- Premium to 60day vwap
- 20.09%
- Premium to 90day vwap
- 26.17%
- Premium to jul21 close
- 8.6%
- Premium to oct14 close
- 8.84%
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.