Baker Botts Acts for NASCAR in its Agreement to Acquire International Speedway Corporation
NEW YORK, May 22, 2019 - Baker Botts L.L.P., a leading international law firm, today announced that it has acted for its client NASCAR Holdings, Inc. (“NASCAR”) who has entered into an Agreement and Plan of Merger pursuant to which NASCAR will acquire International Speedway Corporation, subject to customary closing conditions.
The transaction is valued at approximately US $2 billion.
"This agreement is the first step in bringing together two of the most iconic motorsports companies and we are delighted that we have been able to bring our depth of experience in complex sports, entertainment and media transactions to this deal. This is the second major motorsport deal on which we have worked, as Baker Botts acted as the lead lawyers for Liberty Media in its recent acquisition of Formula One,” said Jonathan Gordon, a New York based corporate partner and the lead lawyer on this transaction for NASCAR.
For additional details on the transaction, please click here.
Baker Botts Lawyers/Office Involved:
Corporate: Jonathan Gordon (Partner, New York); Grant Everett (Partner, Dallas); Justin Blass (Associate, New York); John Kaercher (Senior Associate, Austin)
Tax: Tamar Stanley (Partner, Washington D.C.); Ron Scharnberg (Partner, Houston); Matt Donnelly (Special Counsel, Washington D.C.); Peter Farrell (Associate, Washington, D.C.)
Finance: Robert Wann (Partner, New York); Chad Davis (Associate, Houston)
Employee Benefits: Robert Fowler (Partner, Houston); Gaby Alvarez (Associate, Houston)
Environmental: Aileen Hooks (Partner, Austin)
Real Estate: Jeremy Gott (Partner, Dallas); Patrick Matthews (Special Counsel, Dallas)
Litigation: David Sterling (Partner, Dallas); Rich Harper (Partner, New York); Vern Cassin (Special Counsel, Washington D.C.)
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Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.