PAG Investor Investigation: Penske Automotive Group Shareholders Are Alerted to the Pending Investigation into the $212.00 per Share Take-Private Merger
Plaintiff firm Bleichmar Fonti & Auld LLP announced an investigation into the $212.00 per share take-private merger of Penske Automotive Group by Roger Penske and Mitsui & Co. The firm is soliciting current shareholders, alleging possible breaches of fiduciary duty under Delaware law; insiders control 72.3% of voting power.
Key figures
- Insider voting power
- 72.3%
- Merger price per share
- 212
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