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Penske Automotive Group Confirms Receipt of Take-Private Bid From Penske Corp., Mitsui
Mitsui and Penske Move to Take Penske Automotive Group Private With USD 3.8 Billion Free-Float Bid
Mitsui, Penske: Non-Binding Proposal Implies Penske Automotive Equity Value of $13.8 Billion >PAG
Mitsui, Penske Corp. Currently Own About 72.2% of Penske Automotive Group >PAG
Sumitomo Mining, Laser Tech, etc. (additional) Rating
Target Price Changes Code Stock Name Securities Firm Previous Revised ---------------------------------------------------- <1963> JGC Holdings Mizuho ¥2,400 ¥2,500 <2768> Sojitz MS & MUFG ¥5,100 ¥5,200 <2809> Kewpie Daiwa ¥4,400 ¥5,300 <3046> JINS Holdings Mizuho ¥8,400 ¥10,000 <3099> Mitsukoshi Isetan SBI ¥2,700 ¥5,000 <318
Mitsui, Takeda Pharmaceutical, and others
*Mitsui <8031> to enhance UK's Port of Tyne, improving inbound and outbound logistics efficiency for Sumitomo Electric Industries (Nikkan Kogyo Shimbun, front page) – ○ *IHI <7013> to strengthen precision casting capabilities for aircraft engine components and reinforce its supply chain (Nikkan Kogyo Shimbun, front page) – ○ *Nippon Paint Holdings <4612> makes renewed acquisition offer to Dutch company for ¥1.4 trillion to bolster architectural coatings business (Nikkan Kogyo Shimbun, page 3) – ○ *Takeda Pharmaceutical <4502> partners with Indonesia to establish a plasmapheresis center by next year (Nikkan Kogyo Shimbun, page 3) – ○ *Yaskawa Electric <6506> and SoftBank