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[motorsport] Speedway Motorsports Inc. and Sonic Financial enter into merger

reporter
in Nascar

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SMI announced Wednesday that it and Sonic Financial Corp., along with a subsidiary of Sonic Financial, have entered into a definitive merger agreement for Sonic’s subsidiary to acquire all of the outstanding shares of SMI’s common stock for $19.75 per share.
On April 24, SMI announced it had received a non-binding offer from Sonic Financial, a company owned by Bruton Smith and his family ...Keep reading

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