Speedway Motorsports (TRK) Declares $0.15 Special Cash Dividend; 1.1% Yield
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UPDATE: Speedway Motorsports (TRK) Receives Non-Binding Acquisition Proposal from Sonic Financial Corp. for $18/Sh Cash Consideration
April 24, 2019 6:37 AM EDT(Updated - April 24, 2019 9:22 AM EDT)
Speedway Motorsports, Inc. (NYSE: TRK) announced that on April 23, 2019, its Board of Directors (the Board) received a non-binding proposal from Sonic Financial Corporation (a company owned and controlled by O. Bruton Smith and his family) (Sonic Financial), to acquire all of the outstanding shares of common stock of the Company, other than the shares held by Sonic Financial, O. Bruton Smith, his family and entities controlled by Mr. Smith and his family (collectively, the Smith Group), for cash consideration of $18.00 per share. A copy of Sonic Financials non-binding proposal... More
