Mitsui, Penske Corp submit proposal to buy Penske Automotive free-float shares

Penske Automotive Group, Inc.

Penske Automotive Group, Inc.

PAG

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  • Mitsui has teamed with Penske Corp. to submit a non-binding proposal to buy all free-float shares of Penske Automotive Group.
  • The bid was made by Mitsui and its US unit alongside Penske Corp., acting for itself and its wholly owned Penske Automotive Holdings.


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