Stockholders reject deal to buy NHRA

Stockholders of HD Partners Acquisition Corp. on Thursday rejected the firm's $122 million plan to buy the National Hot Rod Association drag-racing series and four racetracks.

HD Partners announced last May that it wanted to buy the NHRA's professional racing assets: the Powerade Drag Racing series, the TV contract with ESPN, four NHRA racetracks and a long-term lease on the track in Pomona, California, and the NHRA headquarters building in Glendora, California. NHRA was to keep its amateur racing assets.

In a statement, the NHRA said it would continue its operations and was not looking for another potential buyer in the near future.