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PAG stock surges today - everything to know about its $16.3B take-private deal. Published: Oct 15 2026, 08:10 PM IST * FB * TW * Linkdin * Whatsapp * GNFollow Us The proposed buyout would make PAG privately held, owned by Penske Corporation and Mitsui. * PAG shareholders, excluding Penske Corporation, Mitsui & Co. and other members of the investor group, will receive $212 per share in cash, representing an 8.84% premium to the stock's Oct. 14 closing price. * Penske Corporation will own approximately 64% of the privately held company, with Mitsui & Co. holding the remaining 36% after the deal closes. * Separately, PAG raised its quarterly dividend by 1.4% to $1.46 per share, equivalent to an annualized rate of $5.84. Penske Automotive Group (PAG) shares rallied around 8% in premarket trading on Thursday after the company agreed to be taken private by Penske Corporation and Mitsui & Co. in a deal valuing the company at approximately $16.3 billion. Roger Penske, chair and CEO of Penske Automotive Group, called the transaction "an important next chapter for PAG," saying the company would work with Mitsui to build on its operational excellence, drive innovation and expand its business through new opportunities and collaborative projects. Shareholders to receive $212 per share in cash. Under the agreement, PAG shareholders will receive $212 per share in cash, excluding Penske Corporation, Mitsui & Co. and other members of the investor group. The offer represents an 8.84% premium to PAG's closing price on Oct. 14, the last trading day before the deal was announced. The deal will be carried out through Motown Acquisition Corp., an entity owned by Penske Corporation and Mitsui. Upon completion, Penske will own approximately 64% of the privately held company, while Mitsui will hold the remaining 36%. Deal expected to close in first quarter of 2027. The transaction is expected to close in the first quarter of 2027, subject to regulatory approvals and shareholder votes. Approval requires a majority of outstanding shares entitled to vote, as well as a majority of votes cast by unaffiliated shareholders. Once the transaction closes, PAG shares will no longer trade on the New York Stock Exchange. Penske Automotive is set to report its third-quarter results before the market opens on Oct. 28. Analysts tracked by Fiscal AI expect revenue of $8.39 billion and earnings per share of $3.46. Penske Automotive raises quarterly dividend 1.4%. Separately, Penske Automotive's board declared a quarterly cash dividend of $1.46 per share, up $0.02, or 1.4%, from the previous payout. The dividend represents an annualized rate of $5.84 per share and is payable on Dec. 1 to shareholders of record on Nov. 13, 2026. How retail views PAG. On Stocktwits, retail sentiment around PAG stock turned 'bullish' at the time of writing with 'high' message volumes. PAG shares have gained over 17% year-to-date. Also read: RKLB Stock Heads For 10-Month Lows On Neutron Launch Delay - But Roth Capital Sees The Bright Side For updates and corrections, email newsroom[at]stocktwits[dot]com.< Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business. 0 Comments / 0 New

Palou's fifth title shifts IndyCar's Power balance. It still doesn't sound real. Chip Ganassi Racing clinched it at Milwaukee last week, and by the time the checkered flag fell at Laguna Seca on September 6, the storyline had already moved past "is Palou good" and into something bigger. IndyCar's competitive center of gravity is shifting. It's dragging the entire 2027 silly season with it. By Marco T. Motorsport analyst, 11 years covering open-wheel racing. Scott McLaughlin snapped a 36-race winless streak in that Laguna Seca finale, which should have been Penske's headline moment. Instead it got buried under bigger news: Will Power, a Team Penske fixture for 17 years, is out. Not retiring quietly. Out, with the kind of abruptness that makes you wonder what happened behind closed doors. Meanwhile Scott Dixon left Ganassi after a quarter-century association, though on far friendlier terms, taking championships and records with him as he goes. Two of IndyCar's most stable partnerships just came apart in the same month. That's not a coincidence worth ignoring. What Power's exit actually signals. Here's the thing about Will Power leaving Penske after 17 years. It's not really about Power. It's about what Penske does next, and whether the answer is fast enough to matter in 2027. Penske built its modern IndyCar identity around continuity. Power, Josef Newgarden, McLaughlin. Drivers who stayed put, developed chemistry with engineers over years, and delivered when it counted. Breaking that model, even by losing one piece, forces a reset that teams like Ganassi simply haven't needed. Palou has been with Ganassi since 2021. Dixon's departure this year actually reinforces the point rather than undercutting it. Ganassi handled a 25-year exit with grace and a plan. Penske is scrambling mid-shuffle. McLaughlin's win matters on paper. Fox Sports' silly season tracker already has Mick Schumacher linked to a 2027 Meyer Shank seat, which tells you how fast the domino effect is spreading beyond just the top two teams. Ganassi isn't losing sleep over any of it. They're the ones setting the pace. Everyone else is reacting. For readers who've been tracking IndyCar futures and next-season outlooks the way bettors track baseball win totals in April, this offseason churn is exactly the kind of uncertainty that moves odds boards. If you're the type who likes to get ahead of a market before it settles, this is the moment. You can read about the best betting sites covering early 2027 IndyCar outlooks while the picture is still forming, before the lines tighten up once preseason testing starts. Gambling carries real risk, so only wager what you can afford to lose, and if it stops feeling like fun, BeGambleAware.org has resources worth checking. The numbers behind Palou's dominance. Five titles in seven years isn't just good. It's a stretch that invites comparison to genuine legends of the sport, and RaceFans' account of the Milwaukee clinch laid out just how comfortable the margin was heading into the final rounds. Palou wrapped it up with races still on the calendar. That's not a photo finish. That's a team operating a tier above. Compare that to Penske's 2026 season. Newgarden had flashes. McLaughlin's win came in the very last race of the year, breaking a streak that had stretched back more than three dozen starts. Power, the guy who just got shown the door, was solid but unspectacular. Solid doesn't win championships anymore. Not against a Ganassi lineup this deep. What should worry Penske fans isn't one bad season. It's that Ganassi's edge looks built into the system, not lucky. Strategy calls, pit execution, driver development. All three have been sharper at Ganassi for multiple years running now. Where the 2027 grid actually stands. INDYCAR's own reporting on the 2027 silly season confirms Penske's broader lineup is staying largely intact even as individual pieces shift, which makes Power's departure feel less like a rebuild and more like a signal. Something specific went wrong there. Teams don't usually cut ties with a 17-year veteran over performance alone. Dixon's Ganassi exit, by contrast, reads like a natural conclusion to an era rather than a crisis. He leaves with records, respect, and reportedly a continued relationship with the team in some capacity. That's the difference between an organization managing a transition and one absorbing a shock. Rosenqvist topping practice at Laguna Seca in the same week added another wrinkle. Younger talent is pushing into spaces that used to be locked down by the old guard. Mick Schumacher's rumored move to Meyer Shank for 2027 fits that same pattern. The grid isn't just reshuffling at the top two teams. It's loosening everywhere. None of this guarantees Ganassi repeats in 2027. Championships don't work that way, and IndyCar has punished complacency before. But the foundation Ganassi has built, and the uncertainty Penske now has to manage without Power, tilts the early outlook in one clear direction. Frequently asked questions. Why did Will Power leave Team Penske after 17 years? Penske hasn't given a detailed public explanation, and Power himself has been measured in interviews. The timing, right after a season that fell short of title contention, suggests performance and fit concerns rather than a mutual, amicable split like Dixon's Ganassi exit. How many IndyCar championships has Alex Palou won? Palou clinched his fifth title in seven years at Milwaukee in late August 2026, cementing his status as the dominant force of this IndyCar era and pulling well clear of the field before the season even finished. Is Scott Dixon still involved with Chip Ganassi Racing? Dixon departed Ganassi after 25 years associated with the team, closing one of IndyCar's longest driver-team partnerships. The exit has been described as amicable, unlike the more abrupt circumstances surrounding Power's Penske departure. What does the 2027 IndyCar silly season look like so far? Multiple teams are reshuffling. Mick Schumacher is linked to Meyer Shank, Penske is replacing Power, and younger drivers like Felix Rosenqvist are pushing for bigger roles. Expect more movement before preseason testing begins. The Power shift is real, even if it's not permanent. IndyCar doesn't hand out five championships in seven years accidentally. Ganassi built something durable, and Penske's silly season churn this offseason looks like an organization trying to catch up rather than one setting the pace. Whether that gap closes before the 2027 season opener is the question worth watching. For now, the smart money is on more of the same.