A landmark deal between Penske Corp. and Mitsui has concluded after years of speculation, transferring full ownership of Penske Automotive Group and marking the end of its publicly traded status. The $3.9 billion acquisition consolidates control under new ownership as the company prepares for leadership transition following the retirement of its longtime founder. The move signals a major shift in Penske’s corporate structure, with implications for its future operations and succession plans. Investors and industry observers will watch closely as the company navigates this pivotal change.
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.
