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BRIEF-Penske Automotive acquires Mercedes-Benz dealership in Phoenix, Arizona

April 10 Penske Automotive Group Inc:

* Penske Automotive acquires Mercedes-Benz dealership in Phoenix, Arizona

* Penske Automotive Group Inc says acquisition is expected to generate estimated annual revenue of approximately $250 million

* Penske Automotive Group Inc - acquisition is expected to generate estimated annual revenue of approximately $250 million

* Penske Automotive Group inc says has acquired Schumacher European Ltd Source text for Eikon: Further company coverage:

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