$PAG (PENSKE AUTOMOTIVE GROUP) — 8-K: Penske Automotive to go private at $212.00 per share in $16.3 billion enterprise value deal

Penske Corporation and Mitsui & Co. will acquire Penske Automotive Group for $212.00 per share in cash, valuing the company at approximately $16.3 billion enterprise value. The price represents an 8.6% premium to the July 21, 2026 closing price, a 20.09% premium to the 60-day volume weighted average price, a 26.17% premium to the 90-day volume weighted average price, and an 8.84% premium to the October 14, 2026 closing price. Upon completion, Penske will hold approximately 64% and Mitsui approximately 36% of the company. The transaction is expected to close in the first quarter of 2027, subject to regulatory approvals and a majority vote of outstanding shares.

Penske Corporation and Mitsui & Co. will acquire Penske Automotive Group for $212.00 per share in cash, valuing the company at approximately $16.3 billion enterprise value. The price represents an 8.6