ISC Shareholders Expected To Approve NASCAR Takeover

The France Family owns the majority of shares so of course the vote will pass
The France Family owns the majority of shares so of course the vote will pass

ISC shareholders will gather today in Daytona Beach to "approve the sale of the company to NASCAR" after the proposed $2B deal was "unanimously recommended" by the ISC BOD including a special committee led by Brown & Brown Chair J. Hyatt Brown.

It will pay "all shareholders who are not part of France family group that owns NASCAR $45 for each share of ISC stock held." The sale is expected to close Friday, at which time ISC "will become a wholly owned subsidiary of NASCAR, combining the company that owns the Speedway and a dozen other motorsports tracks across the country with the privately owned stock car racing sanctioning organization" Daytona Beach NEWS-JOURNAL

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