Re: EXCLUSIVE- ALMS, GRAND-AM Finalizing Merger |
Subject: Re: EXCLUSIVE- ALMS, GRAND-AM Finalizing Merger by BrianCunningham on 2012/9/3 17:17:07 Quote:
Quote: After talking with various players at several different levels of involvement in this situation, I have pieced together some details about this "merger." First of all, this is anything but a merger. In fact Grand-Am is buying the ALMS lock, stock and barrel in a straight-up cash deal (I know the number but I'm choosing not to reveal it now), including Road Atlanta and Sebring International Raceway, the two road racing facilities the ALMS owns. I doubt whether this was planned to be unveiled on Wednesday at the announcement in Daytona Beach, but there you have it. (Besides, if this truly was a "merger" you would think that the announcement would come at a neutral site or at least near a major media center, instead of at the home of Grand-Am and of course, NASCAR, right?) That really changes things |