Hints and tips:
...Mr Penske, the son of automotive, transportation and car racing magnate Roger Penske, has expanded his publishing footprint by snapping up well-known brands that have struggled with the shift to digital...
...Penske, however, said it had not made an approach. “At this time PMC has only been contacted by Gawker’s banker,” it said in a statement....
...Jay Penske, PMC chief executive, said he expected the long-term aggregate value of the partnership for his company to exceed $50m....
...Companies including Union Pacific, Credit Suisse, Penske Truck Leasing, HJ Heinz and railcar and freight company TTX sold more than $6bn in notes and bonds combined, just as Wall Street scrambled to make...
...Penske Media Corporation is paying less than $100m for FFM and its events business, buying the company via a subsidiary, Penske Business Media, according to people familiar with the transaction....
...Robert Kurnick, president of Penske Automotive, a dealer chain, told a National Automotive Dealers Association conference on Tuesday that “Japan is really the elephant on the table....
...Penske announced, also late on Wednesday, it had broken off talks with General Motors to buy the Saturn brand. Its shares fell 16 per cent to $16.12....
...MMC was founded by Mr Penske, whose father Roger Penske controls a sprawling auto empire that includes the Penske racing team and the Penske truck and leasing company....
...GM said earlier this week it planned to close Saturn after a deal fell apart to sell the brand to Penske Automotive. Its four remaining brands are Chevrolet, Cadillac, GMC and Buick....
...The company has also sold most of its non-automotive assets and agreed this week to sell a majority stake in GM Acceptance Corp, its finance arm, for $7.4bn....
International Edition