NASCAR Holdings Inc. is set to acquire International Speedway Corp. in a $2 billion deal that will give the company control of more than a dozen raceways, including Michigan International Speedway and Florida's famous Daytona International Speedway.
ISC also owns and operates Motor Racing Network, the nation's largest independent sports radio network; Racing Electronics, a leader in motorsports communication technology and equipment, and Americrown Service Corp., a subsidiary that provides catering services and food and beverage concessions.
In addition, ISC owns ONE DAYTONA, the retail, dining and entertainment development across from Daytona International Speedway in Daytona Beach, Fla., and has a 50 percent interest in the Hollywood Casino at Kansas Speedway.
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The merger agreement was unanimously recommended and approved by a special committee comprised solely of independent directors of ISC board and was unanimously approved by the full board. In addition, the participating shareholders have signed a letter agreement to cause their respective shares of ISC Class A Common Stock and ISC Class B Common Stock to be transferred to NASCAR prior to the effective time of the merger.
Under the terms of the merger agreement, ISC shareholders (other than the participating shareholders) will be entitled to receive $45 in cash, without interest, for each share of ISC Class A Common Stock and ISC Class B Common Stock held immediately prior to the effective time of the merger.
The transaction, which is expected to close in calendar year 2019, is conditioned on the approval of a majority of the aggregate voting power represented by the shares of ISC Class A Common Stock and ISC Class B Common Stock not owned by the controlling shareholders of ISC, voting together as a single class. The transaction is also conditioned on other customary closing conditions.
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Dean Bradley Osborne Partners LLC is serving as financial adviser to the ISC Special Committee, and Wachtell, Lipton, Rosen & Katz is acting as legal counsel to the ISC special committee. Goldman Sachs & Co. LLC is serving as exclusive financial adviser to NASCAR, and Baker Botts L.L.P. is acting as legal counsel for NASCAR. BDT & Co. is serving as financial adviser to the France family. Saul Ewing Arnstein & Lehr LLP is acting as legal counsel to ISC.In order to be considered for this role, after clicking apply now above and being redirected, you must fully complete the application process on the follow-up screen.
Nestled on more than 1, 400 acres in the Irish Hills of Southeastern Michigan, Michigan International Speedway is a track rich in racing history. It has been the love of NASCAR racing and the thrill of a great time that has made it a favorite of race fans and drivers alike for more than 50 years. Michigan International Speedway has more than 12 campground and is the state of Michigan’s largest registered campground. In addition to two great weekends of racing, the speedway is home to events throughout the year including the MIS Backyard Hockey Tournament, Faster Horses Festival and Nite Lites.
The Partnerships Event Support Staff position will be responsible for providing support to the Corporate Partnership Sales team, with a focus on partner hospitality assistance, promotional planning, pre-event coordination, on-site execution, metric reporting, and other related functions. This position is a 40 hours / week position.
Michigan International Speedway Sports Jobs & Careers
We are a company unlike any other. We want you to bring your experience, skills and passion to our close-knit, high-energy environment in which our employees thrive and where you can prosper. We know the key to our success is our employees and we offer highly competitive salaries, a solid benefits package focused on wellness, and opportunities for you to grow and develop both personally and professionally. It won’t take you long to find out that you are on the right track here at NASCAR!
NASCAR is committed to fostering a diverse work environment where all employees feel valued and empowered. NASCAR is an Equal Opportunity Employer (EEO). We seek to attract and retain the best qualified people available. All qualified applicants will receive consideration for employment without regard to race, color, gender, gender identity and expression, age, national origin, disability, religion, sexual orientation, genetic information, pregnancy, veteran status or any basis that is protected by applicable law except where a bona fide occupational qualification exists.
We are a company unlike any other. We want you to bring your experience, skills and passion to our close-knit, high-energy environment in which our employees thrive and where you can prosper. We know the key to our success is our employees and we offer highly competitive salaries, a solid benefits package focused on wellness, and opportunities for you to grow and develop both personally and professionally. It won’t take you long to find out that you are on the right track here at NASCAR!
NASCAR is committed to fostering a diverse work environment where all employees feel valued and empowered. NASCAR is an Equal Opportunity Employer (EEO). We seek to attract and retain the best qualified people available. All qualified applicants will receive consideration for employment without regard to race, color, gender, gender identity and expression, age, national origin, disability, religion, sexual orientation, genetic information, pregnancy, veteran status or any basis that is protected by applicable law except where a bona fide occupational qualification exists.
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