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NASCAR completes International Speedway acquisition

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NASCAR completes International Speedway acquisition

NASCAR has completed its acquisition of International Speedway Corp.

ISC shareholders approved the transaction at a special meeting held Oct. 16. Pursuant to the transaction, shareholders, other than certain controlling shareholders of ISC, are entitled to receive $45.00 in cash, without interest, for each share of the company's class A common stock and class B common stock.

Following the closing of the transaction, ISC became a privately held company and a wholly owned subsidiary of NASCAR. Trading of ISC class A common stock on Nasdaq was suspended Oct. 18, while the class A common stock will cease to be listed on Nasdaq, according to an Oct. 18 company release.