Flash FinanceUS
Pre-market S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Penske Automotive (PAG)

Penske Automotive Group agrees to be taken private for $212.00 per share in cash

Neutral Impact 5 of 5 m&a Written later

Penske Automotive Group entered into a merger agreement under which Penske Corporation and Mitsui & Co. would acquire the company through Motown Acquisition Corp. Holders other than the investor group would receive $212.00 per share in cash, valuing the company at an enterprise value of approximately $16.3 billion, and shares would no longer trade on the New York Stock Exchange after closing.

Key points

  • Merger consideration is $212.00 per share in cash, an 8.84% premium to the October 14, 2026 closing price
  • Enterprise value is approximately $16.3 billion; post-closing ownership would be about 64% Penske and 36% Mitsui
  • Closing is expected in the first quarter of 2027, subject to regulatory approvals and stockholder votes, including a majority of votes cast by unaffiliated stockholders
  • Third quarter 2026 results will be released October 28, 2026, with no earnings conference call

The filing

CompanyPenske Automotive (PAG)
Form8-K, current report
Filed with the SECOct 15, 2026, 6:59 AM ET
Accession number0001140361-26-039664

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation5.02 Director / Officer Change8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 15, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.