Penske Automotive Inks $16.3 Bln Merger Deal With Penske, Mitsui To Go Private; PAG Shares Up 8%

(RTTNews) - Penske Automotive Group, Inc. (PAG), a transportation service provider and truck retailer, said on Thursday that it has inked a merger deal to be taken private by Motown Acquisition Corporation, an entity owned by Penske Corporation and Mitsui & Co., Ltd. (8031.T, MIT