Sale of O'Reily Raceway Park Deal Falls Through

2/2/08, 7:14 AM

NHRA deal falls through

The NHRA said the proposed sale of its professional racing assets to an investment group has fallen through.

The NHRA and HD Partners Acquisition Group agreed to a deal last May pending a vote of the group's shareholders. HD Partners chairman and CEO Eddy Hartenstein issued a statement Thursday blaming the economy for not being able to get the necessary votes.
"We have witnessed a dramatic shift in both the financial markets and the perceived strength of the U.S. economy, which we believe adversely impacted the final outcome of this transaction," Hartenstein said.
Tom Compton, president of the NHRA, has no plans to pursue any similar deals.

Star, news service reports

2/2/08, 7:14 AM	#1 Sale of O'Reily Raceway Park Deal Falls Through
Joe Kidd Posts: n/a	NHRA deal falls through The NHRA said the proposed sale of its professional racing assets to an investment group has fallen through. The NHRA and HD Partners Acquisition Group agreed to a deal last May pending a vote of the group's shareholders. HD Partners chairman and CEO Eddy Hartenstein issued a statement Thursday blaming the economy for not being able to get the necessary votes. "We have witnessed a dramatic shift in both the financial markets and the perceived strength of the U.S. economy, which we believe adversely impacted the final outcome of this transaction," Hartenstein said. Tom Compton, president of the NHRA, has no plans to pursue any similar deals. Star, news service reports