Penske (PAG) Signs Deal to Acquire 3 Dealerships in Australia [Yahoo! Finance]
Penske Automotive Group, Inc. (PAG)
Last penske automotive group, inc. earnings: 2/5 06:59 am
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Source: Yahoo! Finance
The premium vehicle retailer has signed a deal to acquire Porsche Centre Brighton, Porsche Centre Doncaster and Ducati Melbourne West. The Brighton dealership, which is around 20 minutes away from central Melbourne, commenced operations in March 2009 and has been catering to the Porsche community in Melbourne for nearly 15 years. The Doncaster dealership represents the latest addition to the official Porsche Centre and is situated in high-growth northeast Melbourne suburbs. The transaction is expected to complete in the second quarter of 2024, pending the fulfillment of customary conditions. Penske is riding high on its strategic acquisitions. It has become the largest dealership group for Freightliner in North America with the buyout of Warner Truck Centers. This aided the company to diversify its business, expand its customer base and capitalize on the Retail Commercial Trucks segment. The buyouts of Kansas City Freightliner, McCoy, Team Trucks Centers and Transolutions Truck
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PAG
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- 2/7/24 - Miss
PAG
Sec Filings
- 3/22/24 - Form DEFA14A
- 3/22/24 - Form DEF
- 3/15/24 - Form 4
- PAG's page on the SEC website