- Lawsuit: NASCAR and the International Speedway Corp. want a Florida court to protect them from having to disclose confidential business information and trade secrets in response to a North Carolina civil lawsuit. In court documents filed Monday in Circuit Court, the corporations seek protection from having to produce documents requested through subpoena by attorneys representing the parties - including O. Bruton Smith, chairman of Speedway Motorsports Inc. - in a pending North Carolina lawsuit. See the rest of the story at Speed Magazine: ISC, NASCAR look to Florida courts for protection by Molly Justice(10-7-1999)
- Merger Complete: International Speedway Corporation, announced today that it has completed its merger with Penske Motorsports, Inc., first announced on May 10, 1999. Both companies held special meetings of their respective stockholders today who overwhelmingly approved the merger. The merger now positions ISC as America's leading provider of motorsports entertainment with 10 major motorsports facilities across the country, including a 90% interest in the Homestead-Miami Speedway. These venues, combined with ISC's other track interests, will host over 100 motorsports events annually. See full story at: International Speedway Corporation Completes Merger With Penske Motorsports(Yahoo-Biz)(7-26-1999)
- ISC/Penske Merger: International Speedway Corporation and Penske Motorsports announced that they have accelerated the timetable for closing the proposed merger. It is currently expected that the transaction will close following separate special meetings for the shareholders of each Company scheduled for July 26, 1999. All regulatory hurdles relating to the proposed merger, including early termination of the waiting period under the Hart-Scott-Rodino Act, have been cleared. See the rest of the story at: International Speedway Corporation and Penske Motorsports Inc. Announce Accelerated Timetable for Merger(Yahoo Bizwire)(6-26-1999)
- Bruton/Penske: Bruton Smith, chairman of Speedway Motorsports Inc., said Wednesday that he approached Roger Penske last year about a possible purchase of Penske's motorsports holdings. But was told it was not for sale. Penske and International Speedway Corp. announced earlier this month a merger in which ISC bought the portion of Penske Motorsports that it did not already own(That's Racin')(5-27-1999)
- THE BIG MERGER! UPDATE 1 PROPOSED merger: International Speedway Corporation and Penske Motorsports, Inc. Monday announced they have signed a definitive merger agreement to create America's largest provider of motorsports entertainment. Upon completion of the transaction, ISC will operate 10 motorsports facilities across the United States with more than 800,000 seats and 400 corporate hospitality suites. In 1999, the two companies will promote more than 100 motorsports events(NOL/ISC PR...). International Speedway Corp. buys 88% of Penske Motorsports, Inc. for $50/share, a deal worth over $700 million. Here are some links to articles on the merger: ISC, Penske propose merger-NOL and the PR at DaytonaUSA - ISC and Penske Motorsports Announce Definitive Merger Agreement. In simple terms that is Bill France and Roger Penske(5-10-1999) -- UPDATE 1: the headers at NOL got changed to read Proposed, meaning it's not a done deal. Plus more articles at: ISC, Penske Motorsports merge to form mega-motorsports company(That's Racin') and SpeedNet - Penske will sell tracks to NASCAR chief's firm(5-11-1999)
