• Penske Automotive received an unsolicited proposal from Penske Corp. and Mitsui to buy the shares they do not already own for USD 210 per share in cash.
• Penske Corp. and Mitsui collectively control 72.6% of the outstanding common stock through their affiliates.
• The board formed a special committee of independent directors to evaluate the approach, retaining outside legal and financial advisers.
• No deal terms have been agreed, with no certainty a transaction will be reached.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Penske Automotive Group Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202607221713PR_NEWS_USPR_____DE10622) on July 22, 2026, and is solely responsible for the information contained therein.