Penske Automotive Group Announces Agreement To Be Taken Private By Penske Corporation And Mitsui & Co.

By Reuters News

Oct 15 (Reuters) - Penske Automotive Group Inc PAG.N:

  • PENSKE AUTOMOTIVE GROUP ANNOUNCES AGREEMENT TO BE TAKEN PRIVATE BY PENSKE CORPORATION AND MITSUI & CO.

  • PENSKE AUTOMOTIVE GROUP - SHAREHOLDERS TO RECEIVE $212 PER SHARE IN CASH; ENTERPRISE VALUE $16.30 BILLION

  • PENSKE AUTOMOTIVE GROUP - PENSKE CORPORATION TO HOLD 64% AND MITSUI TO HOLD 36% OF COMPANY POST-DEAL

  • PENSKE AUTOMOTIVE GROUP - COMPANY TO CONTINUE QTRLY CASH DIVIDENDS THROUGH CLOSING, NOT EXCEEDING $0.02 PER SHARE ABOVE PRIOR QUARTER

  • PENSKE AUTOMOTIVE GROUP ANNOUNCES AGREEMENT TO BE TAKEN PRIVATE BY PENSKE CORPORATION AND MITSUI & CO.

Further company coverage: PAG.N

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