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Penske acquisition reflects strong private market investment

Retailer set to go private in $16.3B deal 

Amanda Harris

The deal that will take Penske Automotive private is a sign of strong investor support for auto retail and comes as the private capital markets are flush with cash.   Motown Acquisition Corp., which is jointly owned by Penske Corp. and Mitsui & Co., will acquire the dealership group for $212 a share in an […]

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