# Roger Penske Takes PAG Private with $16.3B Deal

> Roger Penske's Penske Automotive Group merges with Mitsui to exit NYSE for $16.3 billion.
- Title: Roger Penske Takes PAG Private with $16.3B Deal | Shortify
- Summary: Roger Penske's Penske Automotive Group merges with Mitsui to exit NYSE for $16.3 billion. Penske Automotive Group will become private after a $16.3 billion…
- Keywords: roger penske, penske automotive group, mitsui, nyse, take private, nascar, penske corporation, motown acquisition corp, 16.3 billion, 212 cash per share, 8.84% premium, 2027
- Source: EssentiallySports — https://essentiallysports.com/nascar-news-nascar-titan-roger-penske-takes-massive-dealership-group-off-nyse-with-landmark-sixteen-three-billion-deal
- Author: Vikrant Damke
- Published: 2026-10-16T13:43:27+00:00
- Read time: 1 min
- Topics: roger penske, penske automotive group, mitsui, nyse, take private, nascar, penske corporation, motown acquisition corp, 16.3 billion, 212 cash per share, 8.84% premium, 2027
## Roger Penske's Business Journey
Roger Penske started with a Chevrolet dealership in 1965, building an automotive empire.
## Penske Automotive Group Takes Private
Penske Automotive Group announced a $16.3 billion take-private deal with Motown Acquisition Corp on October 15.
## Deal Terms and Ownership
Buyers will pay $212 cash per share, valuing PAG at $16.3 billion with an 8.84% premium over the October 14 price.
## Ownership Split After Deal
Penske Corporation will own 64% of PAG, with Mitsui holding 36% after the transaction closes.
## Deal Timeline and Approval
The transaction is expected to close in Q1 2027 after shareholder and regulatory approvals.
## Penske's Vision for the Future
Roger Penske described the deal as a significant step to build on PAG's operational excellence with Mitsui.
## PAG's Public History
PAG has traded on NYSE since 1996, ending 30 years of public-market history with this deal.
## PAG's Global Reach
PAG operates dealerships in the US, UK, Canada, Germany, Italy, Japan, and Australia with 28,900 employees.
## Key takeaway

Penske Automotive Group will become private after a $16.3 billion deal with Mitsui, ending 30 years on NYSE.