financetom
Business
financetom
/
Business
/
Penske Automotive Group to Acquire Porsche Centre Melbourne
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Penske Automotive Group to Acquire Porsche Centre Melbourne
Oct 31, 2024 9:12 PM

03:49 AM EDT, 10/24/2024 (MT Newswires) -- Penske Automotive Group ( PAG ) said late Wednesday it has agreed to acquire Porsche Centre Melbourne from Porsche Retail Group Australia.

The company said the acquisition, expected to close by year-end, will add $130 million in estimated annualized revenue.

Financial terms weren't disclosed.

Price: 152.36, Change: +0.58, Percent Change: +0.38

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Context Therapeutics Files Prospectus for Secondary Offering
Context Therapeutics Files Prospectus for Secondary Offering
May 24, 2024
10:15 AM EDT, 05/24/2024 (MT Newswires) -- Context Therapeutics ( CNTX ) on Friday filed a registration statement with the US Securities and Exchange Commission for the sale of up to 64.5 million common shares by selling stockholders from time to time in one or more offerings. The company is not selling any common shares under the prospectus and won't...
Live Nation Entertainment Faces 'Heightened' Ticketmaster Break-Up Risk Amid DOJ Lawsuit, Says Oppenheimer
Live Nation Entertainment Faces 'Heightened' Ticketmaster Break-Up Risk Amid DOJ Lawsuit, Says Oppenheimer
May 24, 2024
10:09 AM EDT, 05/24/2024 (MT Newswires) -- Live Nation Entertainment ( LYV ) faces a heightened risk of a potential Ticketmaster break-up due to the Department of Justice lawsuit, Oppenheimer said Friday in a note. The lawsuit will not lower concert ticket prices for consumers as most of the complaints focus on specific business practices instead of monopolistic actions, Oppenheimer...
Cencora notifies individuals about data stolen earlier this year
Cencora notifies individuals about data stolen earlier this year
May 24, 2024
May 24 (Reuters) - U.S. drug distributor Cencora ( COR ) has notified affected individuals that their personal and highly sensitive medical information was stolen during a cyberattack and data breach earlier this year, the company said on Friday. The company in February had disclosed a cybersecurity incident, in which data, some of which may have contained personal information, was...
Lilium Prices $114 Million Financing; Shares Fall
Lilium Prices $114 Million Financing; Shares Fall
May 24, 2024
10:10 AM EDT, 05/24/2024 (MT Newswires) -- Lilium (LILM) said Friday it priced a $114 million financing. The financing includes a $40 million public offering of about 38.1 million shares and warrants to buy the same number of shares as well as a $50 million private placement of nearly 47.6 million shares and warrants to buy the same number of...
Copyright 2023-2026 - www.financetom.com All Rights Reserved