Penske Automotive on the brink of going private: Major shareholders offer $210 per share

Penske Automotive Group is one of the largest publicly traded automotive retail companies worldwide. The company operates dealerships for numerous premium and volume brands, sells new and used vehicles, and also earns from financing, insurance, maintenance, repairs, and parts. In addition to its traditional passenger car business, Penske is also active in the distribution of commercial vehicles and holds a significant stake in Penske Transportation Solutions, a provider of truck rental, leasing, and fleet management services. The broad geographic...