Speedway Motorsports TRK announced that Sonic Financial Corporation has entered into a definitive merger agreement for Sonic Financial's subsidiary to acquire all of the outstanding shares of common stock of the company for cash consideration of $19.75 per share.
The closing of this tender offer and merger transaction is expected to take place in the third quarter of 2019.
Speedway Motorsports shares closed up 0.96% at $18.95 on Tuesday. The stock has a 52-week high of $19.04 and a 52-week low of $13.47.
Related Links:
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In: News
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in