NASCAR Looking To Buy ISC

NASCAR and the France Family announce they have made a bid to merge NASCAR and International Speedway Corp (ISC) into one privately held company. The non-binding offer has the family acquiring all outstanding shares of Class A common stock and Class B common stock of ISC at $42 a share, higher than the current $39.06 share price. The move could potentially allow NASCAR to revamp its current schedule easier without having to answer to a publically traded company. ISC currently operates 12 race tracks, while NASCAR operates Iowa Speedway.