Penske Automotive Forms a Special Committee to Evaluate a Takeover Offer

Penske Automotive Group (PAG) confirmed that its board received an unsolicited, preliminary, and non-binding proposal from Penske Corporation and Mitsui & Co. to acquire the remaining shares of the company that they and their affiliates do not currently own. The offer pric

Penske Automotive Group (PAG) confirmed that its board received an unsolicited, preliminary, and non-binding proposal from Penske Corporation and Mitsui & Co. to acquire the remaining shares of the company that they and their affiliates do not currently own.

The offer price was $210 per share

It

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