StocksMediumUpdated•Originally published 15 October 2026•Updated 15 October 2026•
1 min read
Penske and Mitsui to Acquire Penske Automotive in $212 Per Share Cash Deal
Key Facts
1Penske Automotive Group's Board of Directors declared a quarterly cash dividend of $1.46 per share.
Penske Automotive Group agreed to be acquired by Penske Corporation and Mitsui & Co. in an all-cash transaction valued at $212.00 per share. Under the terms of the definitive merger agreement, the group will become a private company upon completion of the deal.
PAG closed at $194.79 on October 14, 2026, placing the $212.00 offer price at a premium to its last market valuation. The acquisition announcement follows the company's recent move to increase its quarterly cash dividend to $1.46 per share.