Edition:
India

International Speedway Corporation Announces Merger Agreement With Nascar Holdings, Inc.


Wednesday, 22 May 2019 

May 22 (Reuters) - International Speedway Corp ::INTERNATIONAL SPEEDWAY CORPORATION ANNOUNCES MERGER AGREEMENT WITH NASCAR HOLDINGS, INC..INTERNATIONAL SPEEDWAY CORP - TRANSACTION IS VALUED AT APPROXIMATELY $2.0 BILLION..INTERNATIONAL SPEEDWAY CORP - DEAL FOR APPROXIMATELY $2.0 BILLION.INTERNATIONAL SPEEDWAY CORP - MERGER AGREEMENT WAS UNANIMOUSLY RECOMMENDED AND APPROVED BY A SPECIAL COMMITTEE.INTERNATIONAL - ISC SHAREHOLDERS WILL BE ENTITLED TO RECEIVE $45.00 IN CASH, WITHOUT INTEREST, FOR EACH SHARE OF ISC CLASS A & CLASS B COMMON STOCK.INTERNATIONAL SPEEDWAY CORP - NASCAR WILL ACQUIRE ISC.INTERNATIONAL SPEEDWAY CORP - TRANSACTION IS ALSO CONDITIONED ON OTHER CUSTOMARY CLOSING CONDITIONS..INTERNATIONAL-PARTICIPATING SHAREHOLDERS SIGNED LETTER AGREEMENT TO CAUSE RESPECTIVE SHARES OF ISC CLASS A&CLASS B STOCK TO BE TRANSFERRED TO NASCAR BEFORE MERGER TIME. 

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19 Sep 2019