Penske Automotive Gets Buyout Offer From Its Controlling Shareholders – Merger Arbitrage Mondays
Penske Automotive Group, Inc. (PAG): $217.35 Market Cap: $14.29 B Offer Value: $13.8 B Instead of writing about a deal with a definitive merger agreement, we decided to focus on a…
Written byAsif SuriaSource: InsideArbitrage
Penske Automotive Group, Inc. (PAG): $217.35 Market Cap: $14.29 B Offer Value: $13.8 B Instead of writing about a deal with a definitive merger agreement, we decided to focus on a pre-deal situation that we found more interesting because minority shareholders could potentially end up with a higher price than the initial proposal. Penske Corp.