Penske Automotive Group received an unsolicited, non-binding proposal from Penske Corporation and Mitsui to acquire the remaining shares it does not own for $210 per share in cash, valuing PAG at about $13.8 billion and prompting the board to form a special committee to review the offer. With Penske and Mitsui together owning roughly 72% of PAG, the proposal is contingent on definitive agreements and advisers, and shareholders are not required to act at this time.

Business· Jul 22, 2026

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Roger Penske

American racecar driver

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Roger Penske· Business · 30 sources · Jul 22, 2026Story

Penske Automotive Group Take-Private Bid Reported

Business· Jul 22, 2026

Facts from Wikidata (CC0).

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About Roger Penske

Roger Searle Penske (born February 20, 1937) is a retired American professional auto racing driver and businessman. Penske is most known for his ownership of Team Penske, the Indianapolis Motor Speedway, IndyCar, and other auto racing-related businesses. Penske is the founder and chairman of the Penske Corporation, a holding company for his various businesses. Penske is also a Presidential Medal of Freedom recipient.

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Roger Penske across IJR

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