A landmark deal between Penske Corp. and Mitsui marks the end of Penske Automotive Group’s independent stock history, consolidating ownership under new corporate control. The $3.9 billion acquisition eliminates public trading for the company’s shares, reshaping its future as founder Roger Penske prepares to step aside. With the transition nearing, the move signals a major shift in leadership and corporate structure for one of the automotive industry’s most prominent players. Investors and industry observers will watch closely as the next chapter unfolds for the long-standing business empire.
Penske Corp. and Mitsui's $3.9 billion offer ends a decades-long run for Penske Automotive Group stock and gives its owners full control as 89-year-old Roger Penske's eventual successor looms.
