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Penske Automotive accepts offer and will be bought out by its two corporate owners

FinanceInternationalFreightWaves15 s readAI summary
Image: FreightWaves

Penske Automotive Group (NYSE: PAG), a publicly traded company that includes the current Penske-related companies involved in a closely watched liability case, accepted the buyout offer from its two corporate owners for the stake they do not already own. With the deal, the company will stop trading and become a private company.

Read the full story at FreightWaves

IASummary generated by artificial intelligence from a story by FreightWaves. It may contain errors: the original source prevails.

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