Penske Automotive Group Confirms Receipt Of Unsolicited, Preliminary And Non-Binding Take Private Proposal
PAG•Take-private proposal confirmed
July 22 (Reuters) - Penske Automotive Group Inc PAG.N:
- Penske Automotive Group confirms receipt of unsolicited, preliminary and non-binding take private proposal
- Penske Automotive Group receives take private proposal at $210 per share in cash
- Penske Automotive Group board establishes special committee to review take private proposal
- Penske Automotive Group receives take-private proposal from Penske Corporation & Mitsui
- Penske Corporation and Mitsui own 72.6% of outstanding common stock of the company
Source text: ID:nPn7CLqqta
Further company coverage: PAG.N
