The sell-off in Tesla Motors stock since its bid to acquire SolarCity was announced this week is making the deal less lucrative for the solar energy systems installer’s shareholders. When the deal first came out Tuesday afternoon, Tesla’s …
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 …
Under the terms of the agreement, SolarCity shareholders will receive 0.11 shares of Tesla common stock for each …
NEW YORK (AP) - 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 of …
On Monday morning, Tesla announced that it has come to an agreement with SolarCity. Tesla will buy the company in an all-stock deal that would give 0.11 shares of Tesla stock to investors for every share of SolarCity stock they own. The …
SolarCity's stock price has fallen 62.6% this year. Today, SolarCity's stock price remains significantly below the price Tesla is offering, indicating investors are skeptical that the merger will be completed. Tesla is facing lawsuits from …
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 0.11 …
Under the terms of the agreement, shareholders of SolarCity will receive 0.110 shares of Tesla common stock for each …