---
schema_version: "secwatch.filing_event.v1"
accession: "0001019849-23-000139"
form_type: "8-K"
ticker: "PAG"
cik: "0001019849"
company_name: "PENSKE AUTOMOTIVE GROUP, INC."
filed_at: "2023-10-04T23:59:59+00:00"
generated_at: "2026-06-10T04:30:10.304504+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Penske Automotive, Hedin Mobility Group confirm no offer for Pendragon PLC

## Summary
- On Sept 20, 2023, Penske subsidiary PAG Intl and Hedin Mobility submitted non-binding proposal to acquire Pendragon.
- On Oct 4, 2023, PAG Intl and Hedin issued Rule 2.8 announcement confirming no intention to make an offer.
- They are bound by restrictions but reserve rights if Pendragon board agrees, third party makes offer, or material change.

## SEC filing metadata
- accession: 0001019849-23-000139
- form_type: 8-K
- ticker: PAG
- cik: 0001019849
- company_name: PENSKE AUTOMOTIVE GROUP, INC.
- filed_at: 2023-10-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1019849/000101984923000139/0001019849-23-000139-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1019849/000101984923000139/pag-20231004.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001019849-23-000139
- JSON: https://secwatch.observer/filing/0001019849-23-000139.json
- Plain text: https://secwatch.observer/filing/0001019849-23-000139.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.