POTENTIAL DEAL DETAILS
|Stock||International Speedway Corporation||Symbol||ISCA|
|Date Announced||11/09/2018||Source||Press Release|
|Type||Unsolicited Bid||Acquiring Company/Person||NASCAR Holdings, Inc.|
|Date of Confirmation:||05/22/2019||Price at Confirmation:||$44.10|
|Potential Profit:||3.79%||Annualized Profit:||7.13%|
International Speedway Corporation (ISCA) announced today that its Board of Directors (the “Board”) has received a non-binding offer from NASCAR, to acquire all of the outstanding shares of Class A common stock and Class B common stock of the Company, other than the shares held by the controlling shareholders of ISC, for a cash purchase price of $42.00 per share.
May 22, 2019: International Speedway Corporation (ISCA) announced today that it has entered into an Agreement and Plan of Merger with NASCAR Holdings, Inc. pursuant to which NASCAR will acquire ISC. The transaction is valued at approximately $2.0 billion.
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.