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PACB - Merger Arbitrage Mondays: International Speedway Corporation Acquired By NASCAR Holdings
Pacific Biosciences of California Inc.
Merger activity increased last week with three new deals announced, two pending deals closing and one deal terminated.
Deal Statistics:
New Deals:
The acquisition of Isramco (ISRL) by Naphtha Israel Petroleum Corporation for $393.11 million or $121.40 per share in cash.
The acquisition of International Speedway Corporation (ISCA) by NASCAR Holdings for $2 billion or $45.00 per share in cash. We added ISCA as a potential deal to the Deals in the Works section on November 9, 2018 and the price after the news of the potential deal came out was $39.06.