Penske to acquire IMS press conference

From left, Mark Miles, Roger Penske and Tony George posed for photos after a press conference announcing Penske's acquisition of the speedway. (IBJ photo/Eric Learned)

From left, Roger Penske, Tony George and Mark Miles at the announcement that Penske Corp. would acquire Hulman & Co., including the Indianapolis Motor Speedway, IndyCar and other racing-related assets. (Photo courtesy of IMS)

Hulman & Co. Chairman Tony George—the grandson of Anton Hulman Jr., who bought the track in 1945—said the sale is bittersweet. (Photo courtesy of IMS)

Members of the Hulman-George family, who have owned the track since 1945, attended Monday's press conference. (Photo courtesy of IMS)

Hulman & Co. Chairman Tony George—the grandson of Anton Hulman Jr., who bought the track in 1945—said the sale is bittersweet. (Photo courtesy of IMS)

From left, Roger Penske, Tony George and Mark Miles at the announcement that Penske Corp. would acquire Hulman & Co., including the Indianapolis Motor Speedway, IndyCar and other racing-related assets. (Photo courtesy of IMS)

Roger Penske poses with members of the Hulman-George family after a press conference announcing Penske's acquisition of the speedway. (IBJ photo/Eric Learned)

Roger Penske said he wants to learn about the ideas the IMS staff and team owners have for the Indianapolis Motor Speedway before making any decisions about the track. (IBJ photo/Eric Learned)

Hulman & Co. Chairman Tony George—the grandson of Anton Hulman Jr., who bought the track in 1945—said the sale is bittersweet. (Photo courtesy of IMS)

Hulman & Co. CEO Mark Miles said Penske Corp. and IMS are a hand-in-glove fit. (IBJ photo/Eric Learned)

Roger Penske (IBJ photo/Eric Learned)

Mark Miles points out aspects of IMS to Roger Penske after a press conference announcing Penske Corp.'s acquisition of Hulman & Co. (Photo courtesy of IMS)

Roger Penske and Tony George shake hands after announcing a deal in which Penske would acquire IMS. (IBJ photo/Eric Learned)

Roger Penske and Tony George talk after announcing a deal in which Penske would acquire IMS. (IBJ photo/Eric Learned)