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PENSKE AUTOMOTIVE GROUP, INC.
Penske Automotive Group has entered into a merger agreement to be acquired by Motown Acquisition Corp., an entity owned by Penske Corporation and Mitsui & Co., Ltd., to become a private company. Upon completion of the transaction, shareholders will receive $212.00 in cash per share, and investments in company stock within the 401(k) plan will be frozen starting November 23, 2026.…more
PENSKE AUTOMOTIVE GROUP, INC.
Penske Automotive Group has entered into a definitive agreement to be acquired by Penske Corporation and Mitsui & Co., Ltd., transitioning into a privately held company. Shareholders will receive $212.00 in cash per share, with the transaction expected to close in the first quarter of 2027 subject to regulatory and shareholder approvals. Upon completion, the company's common stock will be delisted from the New York Stock Exchange.…more
PENSKE AUTOMOTIVE GROUP, INC.
Penske Automotive Group (PAG) has entered into a definitive merger agreement to be acquired by Motown Acquisition Corp., an entity formed by Penske Corporation and Mitsui & Co., and will become a private company. Shareholders will receive $212 in cash per share, with the transaction expected to close in the first quarter of fiscal year 2027, subject to customary approvals.…more
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Penske Automotive Group Raises Quarterly Dividend to $1.46 Per Share
Penske Automotive Group announced an increase in its quarterly cash dividend from $1.44 to $1.46 per share. The increased dividend is scheduled to be paid on December 1, 2026, to shareholders of record as of November 13, 2026.…more