Penske Automotive special committee retains advisors for $210/share take-private proposal

PENSKE AUTOMOTIVE GROUP, INC.

Special Committee retained Moelis & Company as financial advisor and Paul, Weiss as legal counsel for review of July 22, 2026 proposal.
Proposal from Penske Corporation and Mitsui & Co. seeks to acquire remaining PAG shares for $210 per share in cash.
No assurance any agreement will be reached; company will not comment further unless appropriate.
Shareholders need not take action at this time.

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