PENSKE AUTOMOTIVE GROUP, INC. (PAG) Form SCHEDULE 13D/A — Oct 15, 2026
Penske Automotive Group entered into a definitive merger agreement on October 15, 2026 to be acquired by a consortium of Penske Corporation, Penske Automotive Holdings Corp., and Mitsui entities via Motown Acquisition Corp., with shareholders to receive $212.00 per share in cash. The Investor Group already controls roughly 72.3% of the voting common stock and has signed voting and support agreements, though closing still requires majority approval including a majority of disinterested stockholders plus HSR clearance. A special committee of independent directors unanimously recommended the deal after affiliates recused themselves.
Key figures
- Deal Value Usd
- $212.00 per share merger consideration
- Shares Outstanding
- 65662873
- Outside date
- October 15, 2027
- Buyer termination fee
- $488 million
- Company termination fee
- $383 million
- Debt financing capacity
- $1.8 billion
- Penske equity commitment
- $600 million
- Investor group holdings percent
- 72.3%
- Reporting persons ownership percent
- 52.3%
AI analysis
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