International Speedway Corporation (ISCA) approached by NASCAR

  • November 12, 2018

POTENTIAL DEAL DETAILS

StockInternational Speedway CorporationSymbolISCA
Date Announced11/09/2018Source Press Release
TypeUnsolicited BidAcquiring Company/Person NASCAR Holdings, Inc.
Date of Confirmation: 05/22/2019Price 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.

Update(s):

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.

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