"Penske Automotive Group Inc. Faces Potential Shake-Up as Mitsui & Co. and Penske Corp. Make Bid for Minority Stake. In a move that could significantly alter the company's direction, Mitsui & Co. and Penske Corp. have expressed interest in acquiring a 28 percent stake in Penske Automotive Group Inc. The joint bid, which would give the two companies a substantial minority share, has raised questions about the potential influence on the company's operations and decision-making processes. With Penske Corp. already owning a majority of the shares, investors are eager to see how the company will respond to the offer, potentially paving the way for a major shift in the company's leadership and strategy."
Penske Corp. owns the majority of Penske Automotive Group Inc. shares, but it's likely to listen to investors who own the 28 percent of stock Penske Corp. and Mitsui & Co want to buy.
