From Nikkei Asia · · 30s
Mitsui to take Penske Automotive private for $1.5bn
Mitsui aims to buy Penske Automotive for $1.5bn, targeting private equity rivals.
In brief
Mitsui aims to buy Penske Automotive for $1.5bn, targeting private equity rivals. Mitsui & Co. will take Penske Automotive Group private with Penske Corp. for $1.5bn. Originally reported by Nikkei Asia.
Mitsui's $1.5bn bid
Mitsui & Co. will take Penske Automotive Group private with Penske Corp. for $1.5bn.
Penske Automotive's background
The operator of the largest Toyota dealership in the U.S. falls under Penske Automotive.
Mitsui's strategy
Mitsui aims to beat private equity at its own game in the Penske buyout.
What to remember
Mitsui & Co. will take Penske Automotive Group private with Penske Corp. for $1.5bn.
