{"url_path":"/sec/pag/8-k/2026-07-22/item-8-01","section_key":"item-8-01","section_title":"Item 8.01 Other Events.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-22","source_url":"https://www.sec.gov/Archives/edgar/data/1019849/0001628280-26-049230-index.html","accession_number":"0001628280-26-049230","cik":"0001019849","ticker":"PAG","issuer_name":"PENSKE AUTOMOTIVE GROUP, INC.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1019849/0001628280-26-049230-index.html","primary_entity_key":"0001019849","primary_entity_name":"PENSKE AUTOMOTIVE GROUP, INC."},"word_count":224,"has_tables":true,"body_markdown":"Item 8.01 Other Events.\n\nOn July 22, 2026, Penske Automotive Group, Inc. (the “Company”) issued a press release announcing that its Board of Directors (the “Board”) received an unsolicited, preliminary and non-binding proposal (the “Proposal”) from Penske Corporation (“PC”) and Mitsui & Co., Ltd. (“Mitsui”) to acquire the remaining shares of the Company’s common stock that PC and Mitsui and their affiliates do not currently own for cash consideration of $210 per share. PC and Mitsui and their affiliates currently beneficially own collectively 72.6% of the Company’s outstanding common stock.\n\nThe Board has established a special committee comprised of disinterested and independent directors to review and consider the Proposal. The special committee is authorized to retain advisors, including independent legal and financial advisors, to assist it in its work. There can be no assurance as to whether an agreement relating to any proposed transaction will be reached or as to the terms thereof if an agreement is reached. The Company does not intend to comment further or disclose any developments regarding the Proposal unless and until it deems further disclosure is appropriate or required. The Company’s shareholders do not need to take any action at this time.\n\nCopies of the press release and the unsolicited, preliminary and non-binding proposal letter are attached hereto as Exhibits 99.1 and 99.2, respectively, and incorporated herein by reference."}