Penske Automotive's Two Largest Shareholders Seek to Take Company Private
The two largest shareholders of Penske Automotive, Mitsui & Co. (U.S.A) and privately-held Penske Corporation, have announced a bid to take the company private by acquiring the remaining 27.8% stake not already owned by them. The stock surged over 10% in response.
Tickers: $PAG
Topics: Corporate Governance Ownership Change Stock Market Reaction