Elon Musk said SpaceX and Tesla have formed special committees to explore a potential merger, a preliminary step toward what would rank as the largest corporate tie-up of all time. 'I do think there's a lot of merit to combining the companies,' Musk, the ... See more
Elon Musk said SpaceX and Tesla have formed special committees to explore a potential merger, a preliminary step towards what would rank as the largest corporate tie-up of all time. Musk has in the past tantalised shareholders with the idea of combining S... See more
Elon Musk said SpaceX and Tesla have formed special committees to explore a potential merger, a preliminary step toward what would rank as the largest corporate tie-up of all time. 'I do think there's a lot of merit to combining the companies,' Musk, the ... See more
Key Takeaways: Penske Automotive Group agreed to go private in a $16.3 billion deal with Motown Acquisition Corp. for $212 a share. Penske Corp. and Mitsui collectively own about 72% of Penske Automotive, and the offer represents an 8.8% premium to the pr... See more
(Bloomberg) -- Penske Automotive Group Inc. (PAG), one of the largest car dealership groups in the US, reached a deal with its two biggest shareholders to go private at a $16.3 billion enterprise value. Motown Acquisition Corp., an entity jointly owned by... See more
