Andretti Green Promotions, Toronto talks continue

Andretti Green Promotions and Grand Prix Association of Toronto Agree to Extend Closing Date INDIANAPOLIS, Ind. (May 1, 2008) - Andretti Green Promotions, LLC and Grand Prix Association of Toronto Corp (GPAT) have agreed to extend the closing...

Andretti Green Promotions and Grand Prix Association of Toronto Agree to Extend Closing Date

INDIANAPOLIS, Ind. (May 1, 2008) - Andretti Green Promotions, LLC and Grand Prix Association of Toronto Corp (GPAT) have agreed to extend the closing date on the potential purchase of GPAT's assets until May 15, 2008.

The additional period is needed to allow both parties time to meet certain obligations related to the completion of purchase agreements.

The terms of the agreement will not be disclosed and neither party will be offering further comment.

-credit: agp

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Series IndyCar