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Cranberry Journal

Thursday, October 15, 2026

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Markets
  • S&P 5007,744.06+0.33%
  • Nasdaq26,713.03+0.08%
  • Dow52,177.69+1.08%
  • 10-yr yield5.09%−1.95%
  • Crude$96.12+2.36%
At the close · Oct 15

Take-Private

Tagged stories

A row of new dark SUVs parked on a dealership lot at dusk.
Business

Penske Automotive Agreed to Be Taken Private at $212 a Share, a $16.3 Billion Enterprise Value. The Premium Is 8.8 Per Cent, and Its Two Buyers Are Also Its Two Largest Holders.

Penske Automotive Group said on Thursday 15 October that it will be acquired by Penske Corporation and Japan's Mitsui & Co. for $212.00 a share in cash, an enterprise value of about $16.3 billion. The price is 8.84 per cent above Wednesday's close and $2 above the $210 the buyers proposed in July. The deal needs regulatory approval and two shareholder votes, and is expected to close in the first quarter of 2027.

By Margaret Holloway  

A hand holds a smartphone whose screen shows a pink heart pierced by an arrow, against a green textured fabric.
Business

Bumble Agreed to a $1.3 Billion Cash Buyout at $6.05 a Share, a 138 Per Cent Premium. Its Public Shareholders Will Not Get a Vote.

Bumble said on Tuesday 13 October that it will be acquired by Ithaca Holdings for $6.05 a share in cash, a deal it values at $1.3 billion. The price is about 138 per cent above the stock's close on 9 October. Affiliates of Blackstone and founder Whitney Wolfe Herd approved the deal by written consent after it was signed, so public shareholders will not vote; regulatory approvals are still required.

By Alison Acosta