Penske Automotive Group (PAG) news
Recent news
Penske Automotive deal incl. termination fees up to $488M
Penske Automotive Group has disclosed details of a proposed transaction that includes potential termination fees of up to $488 million, according to recent filings. The termination fees are contingent upon specific conditions outlined in the agreement, including the failure to complete the deal by…
AInvest Wire · Just nowPenske Automotive Group Inc: Co to pay Mitsui termination fee of $383.0 mln if deal terminated
Penske Automotive Group Inc. has agreed to pay termination fee of $383 million to Mitsui if the proposed business deal between the two companies is terminated. The termination fee is part of the terms outlined in the agreement, which remains subject to various conditions and approvals. The deal,…
AInvest Wire · 2h agoRPT-Penske Automotive Group - Company to continue qtrly cash dividends through closing, not exceeding $0.02 per share above prior quarter
AInvest Wire · 2h agoRPT-Penske Automotive Group - Shareholders to receive $212 per share in cash; enterprise value $16.30 bln
AInvest Wire · 2h agoCorrected-Penske Automotive Group - Penske Corporation (not co) to hold 64% and Mitsui to hold 36% of company post-deal
Penske Corporation has announced a strategic restructuring of its ownership stake in the Penske Automotive Group, a move that will see the company increase its controlling interest in the automotive retail and services business. Under the terms of the agreement, Penske Corporation will hold 64% of…
AInvest Wire · 2h agoLight Horse does not author, endorse or verify the headlines, and their appearance here is not an endorsement of any view they express.
This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.