Penske Automotive take-private deal by Penske Corp. and Mitsui

Description Penske Automotive Group has agreed to be taken private by Penske Corp. and Mitsui in a cash transaction valuing the company at about $16.3 billion. Overview Penske Automotive said Penske Corp. and Mitsui agreed to buy the shares they do not already own for $212 a share in cash. The buyers already own about 72% of the… Read more