|Bid||42.33 x 100|
|Ask||45.10 x 100|
|Day's Range||41.87 - 43.88|
|52 Week Range||35.12 - 49.95|
|Beta (3Y Monthly)||1.30|
|PE Ratio (TTM)||6.85|
|Earnings Date||Jan 23, 2019 - Jan 28, 2019|
|Forward Dividend & Yield||0.47 (1.11%)|
|1y Target Est||39.00|
Now that ISM Raceway has finished up its first race weekend after its $178 million renovation project, track officials are trying to find what else they can do at the Avondale raceway.
Nascar offered to acquire International Speedway Corp. in a deal that values the owner of the Daytona International Speedway at $1.85 billion and would combine the companies into a privately held group owned by Nascar’s controlling family. International Speedway said Friday that it has formed a special committee of independent directors to consider the deal and that no decisions have been made in response to the proposal. Nascar and ISC will continue to operate as separate and independent entities in the interim.
Despite the Frances holding more than 70% of the voting power to affect the transaction, we believe there are a few mitigating factors that could delay a formal bid.
If you want to know who really controls International Speedway Corporation (NASDAQ:ISCA), then you’ll have to look at the makeup of its share registry. Institutions will often hold stock in Read More...
NASCAR announced on Friday it offered to acquire International Speedway for $42 per share. This will combine the two companies into one private company under the France family. International Speedway has formed a special committee to consider the deal.
NASCAR has submitted a non-binding offer to acquire all Class A and Class B common stock of International Speedway Corp. not already owned by the controlling shareholders of auto racing series. The intent ...
NASCAR has offered to purchase International Speedway Corp. , which owns and operates 13 of the race-car circuit's tracks. According to a release lat Friday, NASCAR offered $42 a share for all of the shares not currently owned by the France family, which largely owns and controls NASCAR and owns about 1.4% of ISC, according to FactSet. "The intention is to combine ISC and NASCAR as one privately-held group of companies with the France family as primary owners," the release said. ISC shares closed Friday at $39.06, but has commonly traded above the offer price this year; shares have dropped about 10.8% this quarter. IAC owns some of NASCAR's most famous racetracks, including the Talladega Motor Speedway in Alabama and Daytona International Speedway in Florida, with its tracks spreading as far north as Watkins Glen in New York and two tracks in Chicago, and as far west as Arizona and California. "In a highly competitive sports and entertainment landscape, a more unified strategic approach is important to our future growth," said Jim France, the chairman of ISC who is currently serving as chairman and chief executive of NASCAR after his nephew took a leave of absence following an arrest last summer.
OTC Bulletin Board: ISCB) (“ISC”) 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. The intention is to combine ISC and NASCAR as one privately-held group of companies with the France family as primary owners. A copy of the proposal letter is attached as Exhibit Number 99.1 to the Company’s Current Report on Form 8-K, which will be filed with the Securities and Exchange Commission today.
Expands Presence throughout Motorsports Industry DAYTONA BEACH, Fla., Nov. 01, 2018 -- International Speedway Corporation (NASDAQ Global Select Market: ISCA; OTC Bulletin.
NEW YORK, Oct. 29, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
If you’re interested in International Speedway Corporation (NASDAQ:ISCA), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could Read More...
"For any woman who wants to get into a male-dominated industry," Julia Landauer told Yahoo Finance, "I would really advocate for trying to find male allies."
On a per-share basis, the Daytona Beach, Florida-based company said it had profit of 27 cents. Earnings, adjusted for non-recurring gains, came to 26 cents per share. The motorsports and entertainment ...