Penske Automotive Group Inc

PAG: XNYS (USA)
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Penske Automotive: We Expect Penske Corp. and Mitsui's Buyout Offer to Close

On July 22, Penske Corporation and Mitsui, a large Japanese company, submitted an offer to take Penske Automotive Group private for $210 per share in cash. Penske Corp. and Mitsui already own a combined 72.2% of PAG's stock as of April 16. The price is a 7.6% premium to PAG's July 21 close.

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