A landmark deal between Penske Corp. and Mitsui has concluded after years of Penske Automotive Group stock trading publicly, handing full ownership to the new corporate structure. The agreement marks a shift in control as the company prepares for leadership transition following the long tenure of its founder. With the transaction finalized, Penske Automotive Group will now operate under a consolidated corporate umbrella. The move signals a major restructuring ahead for one of the automotive industry’s most prominent players.
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.
