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New Deal


Announced

Speedway Motorsports to acquire Dover Motorsports for $132m.

Financials

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Transaction Value£97m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium58.3%
One Off Charge-

Tags

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Friendly

Pending

Acquisition

Entertainment

NASCAR venue

Public

Majority

United States

Domestic

Single Bidder

Synopsis

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Speedway Motorsports, a marketer, promoter and sponsor of motorsports entertainment, agreed to acquire Dover Motorsports, one of the most unique venues on the NASCAR circuit, for $132m. “While this marks the end of our 52 years as an independent operator in NASCAR, our future advancement is best secured by joining forces with a major player in the sport and we are happy to be able to become part of the Speedway Motorsports family and to be able to work with Marcus Smith as NASCAR embraces its future,” Denis McGlynn, Dover Motorsports President and CEO.

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