Penske Automotive Pulls Into the Private Garage at $16.3 Billion
Penske Corp. and Mitsui & Co. will take dealership group Penske Automotive private, buying out minority shareholders at $212 a share in a deal valuing it at $16.3 billion.
Corporate Strategy
Proofpoint Spends $6.3 Billion to Guard the Data AI Feeds On
Thoma Bravo-backed Proofpoint has agreed to buy data security company Varonis for about $6.3 billion in cash, betting that protecting data is the key to protecting AI.
C.H. Robinson Loads Up on RXO in a $5.8 Billion Freight Deal
Logistics giant C.H. Robinson has agreed to buy RXO in a stock-and-cash deal worth about $5.8 billion, creating a North American freight player valued at over $25 billion.
Cognex Pays $500 Million to Help Robots See in 3D
Machine vision company Cognex is buying RealSense for about $500 million in cash, stepping beyond factory inspection into the fast-growing market for robotic perception.
Schneider Electric Bets $22.6 Billion on Industrial Software
Schneider Electric has agreed to buy PTC for about $22.6 billion in cash, its biggest deal ever, adding design and engineering software to its energy and automation empire.
Geely Plans Its Canadian Debut, But Bring Patience Until 2027
Chinese automaker Geely Auto is entering Canada under its own brand for the first time, building a retail network now and planning to deliver its first vehicles in 2027.