Speedway Motorsports, Inc.
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SPEEDWAY MOTORSPORTS MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF SPEEDWAY MOTORSPORTS, INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – TRK
July 24, 2019.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Speedway Motorsports, Inc. (NYSE: TRK) to Sonic Financial Corporation (“Sonic”) for $19.75 per share is fair to Speedway Motorsports shareholders. On behalf of Speedway Motorsports shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
The Speedway Motorsports merger investigation concerns whether Speedway Motorsports and its Board of Directors violated the federal securities laws and/or their fiduciary duties to shareholders by failing to: (1) obtain the best possible price for Speedway Motorsports shareholders; (2) determine whether Sonic is underpaying for Speedway Motorsports; and (3) disclose all material information necessary for Speedway Motorsports shareholders to adequately assess and value the merger consideration.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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