Deal snapshot: INTERNTIONAL SPEEDWAY TO MERGE WITH NASCAR HOLDINS IN DEAL VALUED AT USD 2BN.
MANews-(C)2009-2019
Florida, US-based motor sport activities promoter International Speedway Corp. (ISC) (NASDAQ Global Select Market: ISCA) (OTCBB: ISCB) has entered into an agreement and plan of merger with Florida-based sports sanctioning body NASCAR Holdings, Inc. pursuant to which NASCAR will acquire ISC in a transaction valued approximately USD 2.0bn, the company said.
The consideration to be paid to ISC's shareholders will be USD 45.00 in cash for each share of ISC class A common stock and ISC class B common stock. The transaction is expected to close in calendar year 2019. NASCAR Holdings, Inc., through its subsidiaries, operates as a sports sanctioning body. It also provides news, statistics, and information services on races...
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