Penske Automotive Group Inc
PAG: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| Kp& | LOCK|Q@?R! | LOCK|Z%$?nzY |
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.
