Vi e w p o i n t | 23 Jul 2026 07:34:26 ET │ 16 pages Penske Automotive (PAG.N) Downgrade to Neutral Following Buyout News CITI'S TAKE On July 22nd, the Penske Corporation and Mitsui submitted a proposal to acquire all outstanding shares of PAG for $210 per share in cash. As of April 16th, there were 65.7 million shares of PAG outstanding, and together Penske and Mitsui own 47.5 million or 72% of the total. Mitsui and Penske Corp have been partners for about 25 years and Mitsui, Penske Corporation and PAG o ...