Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

ULBI 9.160

+2.2%

Oct 11 9:30 AM EDT

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To: richardred who wrote (5172)	4/25/2019 11:20:06 AM
From: Robert O	Read Replies (1) of 7120

Speedway Motorsports (TRK) getting bid kind of interesting since the board still has to 'consider' the $18/share offer. So speculators have the price at 18.60 now in anticipation of reaching a deal at about 19 I would suppose. Could be about 3% up or down depending on if they stick to guns (buyer already basically controls the target see below). As such all of this is obviously posturing. we shall see. Sonic Financial Corporation (“SFC”) is pleased to submit this non-binding proposal to acquire all of the outstanding shares of stock of Speedway Motorsports, Inc. (the “Company” or “TRK”) that are not owned by SFC, O. Bruton Smith, his family and entities controlled by Mr. Smith and his family (collectively with SFC, the “Smith Group”), for cash consideration of $18.00 per share (our “Proposal”). As you know, the Smith Group beneficially owns, directly or indirectly, approximately 29 million shares of TRK, and controls over 70% of the voting power of TRK.

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