PENSKE AUTOMOTIVE GROUP, INC. 8K

Penske Corporation and Mitsui Group, already controlling shareholders of Penske Automotive Group, Inc., have made a non‑binding, fully financed proposal to take PAG private by acquiring the remaining minority shares for $210 per share in cash.

On July 22, 2026, Penske Corporation, together with its wholly owned subsidiary Penske Automotive Holdings Corp., and Mitsui & Co., Ltd., together with its wholly owned subsidiary Mitsui & Co. (U.S.A.), Inc. (collectively the PC‑Mitsui Investors), submitted a non‑binding proposal to the Board of Directors of Penske Automotive Group, Inc. (PAG) to acquire all outstanding PAG common shares not already owned by them for $210 per share in cash, implying an equity value of approximately $13.8 billion and representing premiums of about 19.3% and 25.4% to PAG’s 60‑day and 90‑day VWAPs as of July 20, 2026; the PC‑Mitsui Investors, who already own roughly 72.2% of PAG’s outstanding common stock, stated that the transaction would not be subject to financing conditions, requested that a fully empowered special committee of independent and disinterested directors evaluate and negotiate the proposal (with the ability to reject it), and clarified that they are only interested in buying the remaining minority shares and would not support any alternative sale or merger of PAG, while reserving the right to withdraw or modify their non‑binding offer until definitive agreements are executed.

Filing Facts

CIK

1019849

Ticker

-

Form

8K

Source Type

sec

Accession

0001628280-26-049230

Alert Tier

8