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Roger Penske Inks Blockbuster Deal to Delist From NYSE

Penske Automotive Group agreed to be taken private by its two largest shareholders, Penske Corporation and Mitsui & Co. The deal values the international transportation services company and commercial truck retailer at approximately $16.3 billion, including debt. Shareholders outside the buyer group will receive $212 per share in cash. The transaction will result in the company delisting from the New York Stock Exchange, with the closing targeted for the first quarter of 2027.

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  • ✓ Penske Automotive Group agreed to be taken private by Penske Corporation and Mitsui & Co.
  • ✓ The deal values the company at approximately $16.3 billion including debt.
  • ✓ Shareholders outside the buyer group will receive $212 per share in cash.
  • ✓ The company will delist from the New York Stock Exchange.
🛡️ Source Corroboration: 11 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

Penske Automotive Group reached an agreement to be taken private by Penske Corporation and Mitsui & Co for $16.3 billion.

Live updates

  1. Penske Automotive Group to Go Private in $16.3 Billion Buyout

    Penske Automotive Group agreed to be taken private by its two largest shareholders, Penske Corporation and Mitsui & Co. The deal values the international transportation services company and commercial truck retailer at approximately $16.3 billion, including debt. Shareholders outside the buyer group will receive $212 per share in cash. The transaction will result in the company delisting from the New York Stock Exchange, with the closing targeted for the first quarter of 2027.

    Why it matters

    This move reshapes Roger Penske's automotive empire by removing the company from public market scrutiny. The buyout involves a partnership between a major U.S. corporate entity and a Japanese conglomerate.

    What is confirmed

    • Penske Automotive Group agreed to be taken private by Penske Corporation and Mitsui & Co.
    • The deal values the company at approximately $16.3 billion including debt.
    • Shareholders outside the buyer group will receive $212 per share in cash.
    • The company will delist from the New York Stock Exchange.
    • Closing for the transaction is targeted for the first quarter of 2027.

    What to watch next

    • Official closing of the transaction in Q1 2027
    • Regulatory approvals for the buyout between Penske Corporation and Mitsui & Co
    Sources used for this update (12)
    1. CNBC — Penske Automotive agrees to be taken private by Penske, Mitsui
    2. Yahoo Sports — NASCAR Team Penske: What Does $16 Billion Corporate Buyout Mean for Racing?
    3. Indianapolis Business Journal — Penske Automotive to be taken private at $16.3B valuation
    4. Automotive News — What to know about Penske Automotive Group’s plan to go private
    5. EssentiallySports — Roger Penske Inks Blockbuster Deal to Delist From NYSE
    6. daxstreet.com — Penske Automotive Agrees to $16.3 Billion Buyout in Major ...
    7. finance.yahoo.com — Roger Penske’s Automotive Empire Agrees to $16.3 Billion Buyout
    8. www.prnewswire.com — Penske Automotive Group Announces Agreement to be Taken ...
    9. finance.yahoo.com — Penske Automotive to be taken private in $16.3 billion deal
    10. www.essentiallysports.com — Roger Penske Inks Blockbuster Deal to Delist From NYSE
    11. www.credenceresearch.com — Penske Automotive Group Agrees to $16.3 Billion Take-Private ...
    12. hoodline.com — Penske Automotive Group Going Private in $16.3B Deal
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