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Nascar to Pay $2 Billion to Buy International Speedway

Cherella Cox

Nascar raised its offer price to buy International Speedway to $2 billion from $1.9 billion last year. International Speedway announced Wednesday it agreed to be acquired by the stock car racing giant for $45 a share, up from Nascar's previous offer of $42. International Speedway's board unanimously approved the deal, which will close some time this year.