Penske Automotive Group has agreed to a $16.3 billion deal that would take the company private. Outside shareholders will receive $212 per share in cash, up from the initial $210 proposal, an 8.84% premium. The $16.3 billion figure is the company's total enterprise value, including debt. Once the transaction closes, Penske Corporation will hold about 64% of the company and Mitsui & Co. the remaining 36%.