ISC and Speedway Motorsports to buy Action

UPDATE This rumor is upgraded to 'fact' today. See announcement on Hot News page. 08/24/05 In an unusual pairing, the France family's International Speedway Corp. and Bruton Smith's Speedway Motorsports are teaming to buy Action Performance, which sells racing souvenirs, for a reported $13 a share, according to sources close to the negotiations. Action Performance and the Jack Roush-owned Team Caliber are the top two souvenir companies in the NASCAR world, and Daytona executives have been interested in acquiring souvenir rights to all NASCAR stars in order to package them as part of a stock-car racing "mall" at each of the Nextel Cup tour's top tracks. Winston Salem Journal

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