https://www.live-feeds.com/feed/roger-penske-s-automotive-empire-agrees-to-16-3-billion-buyoutContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/roger-penske-s-automotive-empire-agrees-to-16-3-billion-buyouthttps://www.live-feeds.com/feed/roger-penske-s-automotive-empire-agrees-to-16-3-billion-buyout#u138887Tue, 20 Oct 2026 07:00:22 +0000Penske Automotive Group has accepted a buyout agreement to leave the public stock market in a transaction that values the automotive retailer at $16.3 billion, including debt. Two of the company's largest shareholders, Penske Corporation and Japan-based Mitsui and Company, are leading the take-private deal. Under the terms of the transaction, shareholders will receive $212 per share. The massive corporate agreement also raises industry questions regarding the future impact on racing operations, specifically for NASCAR's Team Penske.Why it mattersPenske Automotive Group stands as one