A bid by Bruton Smith and his family is on the table to take Speedway Motorsports Inc. private.
Sonic Financial Corporation, owned by Bruton Smith, made a non-binding offer to Speedway Motorsports Tuesday in a letter.
A filing Wednesday with the Securities and Exchange Commission shows the deal would be worth $734 million.
Bruton Smith and the Smith family owns 70 percent of the company already (approximately 29 million shares).
The Charlotte Observer published a detailed story about the proposal today: