But this isn't a typical merger vote. Elon Musk owns 18 percent of Tesla's stock and 22 percent of SolarCity's shares. A handful of other key insiders also own significant stakes in both companies. To ease investor concerns that the merger …
On Thursday afternoon, Tesla announced that its investors and SolarCity investors agreed to a $2.6 billion all-stock merger of the two companies. The decision passed with an 85 percent vote of approval. SolarCity shareholders will receive …
Tesla Motors (TSLA) said on Tuesday it would bid $2.8 billion to buy SolarCity (SCTY), sending the solar energy company's shares soaring. SolarCity shares popped more than 15 percent after-hours on the offer of $26.50 per share …
NEW YORK — Tesla will pay approximately $2.6 billion for solar panel maker SolarCity in an all-stock deal. The transaction gives SolarCity Corp. stockholders 0.110 Tesla common shares per SolarCity share, which puts the value …
SolarCity closed the day with a market cap of $2.14 billion — so a 30 percent premium could mean an all-stock purchase price of $2.78 billion, or from $26.50 to $28.50 per share. SolarCity’s stock jumped by more than 22 percent following …
Still, SolarCity is hoping its position as an up and coming green technology company will energize investors. SolarCity's stock has performed ridiculously well -- soaring roughly 400 % since its December 2012 initial public offering. But …
and integrating the SolarCity solar panel acquisition. This wouldn't necessarily be a problem if Tesla was already a profitable market leader. But the company is …
On August 1, Tesla Motors, whose chief executive officer is Elon Musk, announced the acquisition of another Musk brainchild, SolarCity, a rooftop solar panel company for which he servers as chairman, in a $2.6-billion all-stock deal. …
Tesla’s stock swap offer valued SolarCity at $25.37 a share, or $200 million less than the initial proposal Musk outlined in June, before advisers to the companies had done due diligence. SolarCity shares shed 7.4 per cent on Monday to …