Acquiring Company
Penske Corporation
Acquired Company
Penske Corporation
Bloomfield HillsBloomfield HillsOil And GasTransportationAutomotiveMotor Vehicle ManufacturingOil And GasTransportationAutomotiveMotor Vehicle ManufacturingDescription
Penske Corporation and Mitsui & Co., Ltd. have made a proposal to acquire the remaining shares of Penske Automotive Group, which they do not currently own. The acquisition offer is for cash consideration of $210 per share. The proposal is currently under review by the special committee of Penske Automotive's board of directors.
Related People
M&A Insights
Based on deal dataFrequently asked
Who acquired Penske Corporation?
Penske Corporation was acquired by Penske Corporation, based in Bloomfield Hills. The deal was reported on August 10, 2026. Penske Corporation is a diversified transportation services company. It manages various automotive retail operations and has significant ownership in several automotive related businesses. Penske Corporation is publicly traded (PAG) and operates in Oil And Gas.
When did Penske Corporation acquire Penske Corporation?
Penske Corporation's acquisition of Penske Corporation was reported on August 10, 2026. Penske Corporation and Mitsui & Co., Ltd. have made a proposal to acquire the remaining shares of Penske Automotive Group, which they do not currently own. The acquisition offer is for cash consideration of $210 per share. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Penske Corporation do?
Penske Corporation is a diversified transportation services company. It manages various automotive retail operations and has significant ownership in several automotive related businesses. It is publicly traded (PAG), operating in Oil And Gas, and is based in Bloomfield Hills.