NASCAR wants to acquire International Speedway
Nov 16, 2018
According to recent announcements, NASCAR wants to acquire International Corp. for $42 per share. The acquisition will merge both companies into a private entity. Some executives from International Speedway formed a special committee to discuss the possible agreement and offer from NASCAR. Due to the recent news and the possibility of unifying both companies, shares went up by 3% for International Speedway. According to NASCAR executives, NASCAR is a great way to include competitive sports and entertainment for the future of the company and it's vital to rework some of its business structure.