NEW YORK (Standard&Poor's) Aug. 30, 2005--Standard&Poor's Ratings Services said today that agreements by Speedway Motorsports Inc. (BB/Positive/--) and International Speedway Corp. (BBB-/Stable/--) to acquire Action Performance Cos. Inc. (unrated) for $13 per common share, or about $256 million, does not affect the two companies' ratings or outlooks. The acquisition will be conducted through Motorsports Authentics, a 50/50 joint venture between International Speedway and Speedway Motorsports. The acquisition is expected to close by year-end. Action Performance is a manufacturer and distributor of licensed merchandise and memorabilia, with about 70% of the company's sales from products related to the National Association for Stock Car Auto Racing (NASCAR). The transaction has the potential to increase International Speedway's and Speedway
