Also known as Penske Automotive Group, Penske Automotive
Penske Automotive Group, Inc. is a NYSE-listed automotive and commercial truck retailer with dealerships in the United States, the United Kingdom, Canada, Germany, Italy, Japan and Australia.
On October 15, 2026 it agreed to be acquired by a company owned by Penske Corporation and Mitsui & Co., its largest shareholders, at $212.00 a share in cash; the deal is expected to close in the first quarter of 2027.
Penske Automotive Group said a buyer owned by Penske Corporation and Mitsui & Co. will acquire the shares it does not already own for $212.00 a share in cash, in a deal that implies an enterprise value of about $16.3 billion and is expected to close in the first quarter of 2027.