Breaking News

Over a week ago
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Hot Stocks
Dover Motorsports rises 60.0% » 12:00
11/09/21
11/09
12:00
11/09/21
12:00
DVD

Dover Motorsports

$3.59 /

+1.36 (+61.12%)

Dover Motorsports is up…

Dover Motorsports is up 60.0%, or $1.34 to $3.58.

ShowHide Related Items >><<
DVD Dover Motorsports
$3.59 /

+1.36 (+61.12%)

Hot Stocks
Dover Motorsports rises 60.2% » 10:00
11/09/21
11/09
10:00
11/09/21
10:00
DVD

Dover Motorsports

$3.59 /

+1.36 (+61.12%)

Dover Motorsports is up…

Dover Motorsports is up 60.2%, or $1.35 to $3.59.

ShowHide Related Items >><<
DVD Dover Motorsports
$3.59 /

+1.36 (+61.12%)

Hot Stocks
Dover Motorsports rises 60.7% » 09:47
11/09/21
11/09
09:47
11/09/21
09:47
DVD

Dover Motorsports

$3.60 /

+1.375 (+61.80%)

Dover Motorsports is up…

Dover Motorsports is up 60.7%, or $1.36 to $3.60.

ShowHide Related Items >><<
DVD Dover Motorsports
$3.60 /

+1.375 (+61.80%)

Hot Stocks
Speedway Motorsports to acquire Dover Motorsports for $3.61 per share in cash » 18:03
11/08/21
11/08
18:03
11/08/21
18:03
DVD

Dover Motorsports

$2.27 /

-0.02 (-0.88%)

Speedway Motorsports and…

Speedway Motorsports and Dover Motorsports announced that the companies have entered into a definitive agreement under which Speedway Motorsports has agreed to acquire Dover Motorsports for $3.61 per share in cash for an approximate total equity value of $131.5M. The transaction was announced today by Speedway Motorsports President and CEO Marcus Smith and Dover Motorsports President and CEO Denis McGlynn. Under the terms of the merger agreement, Speedway Motorsports, through a subsidiary, will initiate a tender offer to acquire all outstanding shares of Dover Motorsports. The offer price represents a 58.3% premium to the closing stock price on November 8, 2021. All Dover Motorsports stockholders will receive the same per share consideration in the transaction. The holders of approximately 57.5% of the total aggregate shares of Dover Motorsports, or 92% of the voting power, have agreed to tender their shares subject to the terms of a tender and support agreement. The closing of the tender offer will be subject to certain conditions, including the tender of shares representing at least a majority of the voting power of all outstanding shares of Dover Motorsports, receipt of applicable approvals and certain other conditions. Upon the successful completion of the tender offer, Speedway Motorsports' acquisition subsidiary will be merged into Dover Motorsports, and any remaining shares of Dover Motorsports stock will be cancelled and converted into the right to receive the price per share payable in the tender offer. The transaction has been approved by Speedway Motorsports. The Board of Directors of Dover Motorsports formed a special committee to review, evaluate and negotiate the definitive agreement. Acting upon the unanimous recommendation of the special committee, the Board of Directors of Dover Motorsports approved the transaction. The transaction is expected to close by the end of this calendar year.

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.