Penske Automotive Group, Inc. has signed a big agreement to merge with Motown Acquisition Corp.

Oct 15, 2026, 7:05 AM ETDealRead the original at SEC EDGAR

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Penske Automotive Group signed a deal giving eligible shareholders $212 per share in cash. Its independent committee called the terms fair, but shareholders still must vote on the deal.

PAG · Penske Automotive Group, Inc.

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The agreed cash payment gives eligible owners a set amount for their shares. The independent committee said the terms were fair. The deal still needs a shareholder vote, so the payment is not assured yet. The committee's review and the board's recommendation support the deal despite that remaining step.

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