Penske Automotive special committee hires Moelis, Paul Weiss to assess $210-per-share take-private offer

Reuters2026/08/10 20:11

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Penske Automotive Group formed a special committee to evaluate a take-private proposal from Penske Corp. and Mitsui.
The offer, received July 22, seeks to buy remaining shares not already owned by the bidders for USD 210 per share in cash.
The committee hired Moelis as financial adviser; Paul, Weiss as legal counsel.
No deal terms have been agreed; the proposal remains unsolicited, preliminary, and non-binding.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Penske Automotive Group Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202608101605PR_NEWS_USPR_____DE22983) on August 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Penske Automotive special committee hires Moelis, Paul Weiss to assess $210-per-share take-private offer

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