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Trusted by
Acquiring Company
Motown Acquisition
Acquired Company
Penske Automotive
DetroitAutomotiveHardwareDescription
Motown Acquisition Corp. has agreed to a $212-per-share cash buyout of Penske Automotive Group. The transaction, targeting completion in the first quarter of 2027, is subject to regulatory clearance and shareholder approval. Present common stockholders outside the investor group will receive $212 per share in cash. Penske Automotive Group plans to continue regular dividend payments during the acquisition process.
Fundz sees it the moment Motown Acquisition makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Frequently asked
Who acquired Penske Automotive?
Penske Automotive was acquired by Motown Acquisition, based in Detroit. The deal was reported on October 16, 2026. Motown Acquisition Corp. is a special purpose acquisition company (SPAC) focused on acquiring businesses in the automotive sector. It is owned by Penske Corporation and Mitsui & Co., Ltd. Motown Acquisition is privately held and operates in Automotive.
When did Motown Acquisition acquire Penske Automotive?
Motown Acquisition's acquisition of Penske Automotive was reported on October 16, 2026. Motown Acquisition Corp. has agreed to a $212-per-share cash buyout of Penske Automotive Group. The transaction, targeting completion in the first quarter of 2027, is subject to regulatory clearance and shareholder approval. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Penske Automotive do?
Penske Automotive Group, Inc., (NYSE: PAG) headquartered in Bloomfield Hills, Michigan, is a diversified international transportation services company and one of the world's premier automotive and commercial truck retailers. It is publicly traded (PAG), operating in Hardware.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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