Mergers & Acquisitions ·
Penske Automotive Group announced that its Special Committee has retained Moelis & Company as financial advisor and…
PAGPenske Automotive Group, Inc.
Penske Automotive Group announced that its Special Committee has retained Moelis & Company as financial advisor and Paul, Weiss as legal counsel to evaluate an unsolicited proposal from Penske Corporation and Mitsui & Co. The preliminary offer seeks to acquire remaining minority shares for $210 per share in cash. This development follows the initial proposal received on July 22, 2026. The company cautioned that no assurance exists regarding whether a transaction will be reached or its final terms. Penske Automotive Group operates as a diversified international transportation services company and is one of the world's premier automotive and commercial truck retailers.