---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-049230"
form_type: "8-K"
ticker: "PAG"
cik: "0001019849"
company_name: "PENSKE AUTOMOTIVE GROUP, INC."
filed_at: "2026-07-22T21:15:12+00:00"
generated_at: "2026-07-22T21:16:06.822127+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Penske Automotive receives $210/share take-private proposal from Penske Corp and Mitsui

## Summary
- Proposal from Penske Corp and Mitsui to acquire remaining shares at $210/share cash.
- Penske Corp and Mitsui currently own 72.6% of PAG outstanding common stock.
- Implied equity value ~$13.8B, premium of 19.3% to 60-day VWAP and 25.4% to 90-day VWAP.
- Board forms special committee of independent directors to evaluate the proposal.
- No financing condition; PC-Mitsui highly confident in arranging debt financing.

## SEC filing metadata
- accession: 0001628280-26-049230
- form_type: 8-K
- ticker: PAG
- cik: 0001019849
- company_name: PENSKE AUTOMOTIVE GROUP, INC.
- filed_at: 2026-07-22T21:15:12+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1019849/000162828026049230/0001628280-26-049230-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1019849/000162828026049230/pag-20260722.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-049230
- JSON: https://secwatch.observer/filing/0001628280-26-049230.json
- Plain text: https://secwatch.observer/filing/0001628280-26-049230.txt

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