Baker Botts issued the following announcement on May 22.
Baker Botts L.L.P., a leading international law firm, today announced that it has acted for its client NASCAR Holdings, Inc. (“NASCAR”) who has entered into an Agreement and Plan of Merger pursuant to which NASCAR will acquire International Speedway Corporation, subject to customary closing conditions.
The transaction is valued at approximately US$2 billion.
"This agreement is the first step in bringing together two of the most iconic motorsports companies and we are delighted that we have been able to bring our depth of experience in complex sports, entertainment and media transactions to this deal. This is the second major motorsport deal on which we have worked, as Baker Botts acted as the lead lawyers for Liberty Media in its recent acquisition of Formula One,” said Jonathan Gordon, a New York based corporate partner and the lead lawyer on this transaction for NASCAR.
For additional details on the transaction, please click here.
Baker Botts Lawyers/Office Involved:
Original source can be found here.