Business

Penske, Mitsui Bid to Take Penske Automotive Private in Near $4 Billion Deal

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Penske Corp. and

Mitsui

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1.20%

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proposed to buy out Penske Automotive Group PAG 0.09%increase; up pointing triangle in a deal that could be worth $3.78 billion.

Penske Corp. paired up with the Japanese investment firm to offer $210 a share to take the auto dealership chain private.

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