Penske Automotive to be taken private in a $16.3 billion deal with Penske and Mitsui
Penske Automotive Group announced a merger agreement that will turn the company private. The transaction, valued at roughly $16.3 billion, will pay shareholders $212.00 in cash per share. After closing, Penske will hold about 64% of the business and Mitsui about 36%, and the shares will be removed from the NYSE. The deal is slated to close in the first quarter of 2027 pending shareholder and regulator sign‑off.
Why it matters
Shareholders will receive a cash payout of $212 per share, ending their ownership of a publicly traded stock (the company says the premium is about 8.6% to the July 21 close). The delisting will eliminate any future public market liquidity for PAG shares. The transaction also changes control, giving Penske and Mitsui majority ownership of the combined private entity.
Key facts
- 1Shareholders will receive $212.00 per share in cash. prnewswire.com
- 2The agreement values Penske Automotive at an enterprise value of approximately $16.3 billion. prnewswire.com
- 3Post‑closing ownership will be roughly 64% Penske and 36% Mitsui. stocktitan.net
- 4The purchase price represents a premium of about 8.6% to the July 21, 2026 closing price. prnewswire.com
- 5Closing is expected in the first quarter of 2027, subject to regulatory and shareholder approvals. stocktitan.net
- 6After the transaction, the company's common shares will no longer be listed on the New York Stock Exchange. stocktitan.net
Open questions
- Premium percentage differs across sources.
Summary written by AlphAI AI Desk from 10 of 10 sources. Not investment advice. Figures are as stated by the linked sources.