Tesla's stock swap offer valued SolarCity at $25.37 a share, or $200 million less than the initial proposal that Musk outlined in June, before advisers to the companies had done due diligence. SolarCity shares closed last Friday at …
Representatives for SolarCity and Tesla did not immediately respond to requests for comment. Tesla announced last month that it had made an all-stock offer for SolarCity worth $2.8 billion. It argued that by acquiring SolarCity, the two …
Tesla Inc and SolarCity merger will also benefit the latter as Tesla customers will be enticed to visit sister stores. Tesla …
Through Tesla, Musk has made an all-stock deal offer for embattled solar-energy firm SolarCity, which Musk cofounded. He said that this deal would help to make Tesla the first "vertically integrated energy company offering end-to-end clean …
Advertisement On Tuesday, Musk proposed to merge the two entities by having Tesla acquire SolarCity in an all-stock transaction. Depending on how you view Musk, it’s either his latest act of financial engineering to keep his companies …
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 …
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 …
Tesla Motors has tendered an offer to buy SolarCity with plans to provide integrated solar ... a conventional gasoline- or diesel-powered car. Unlike Tesla Motors, SolarCity’s stock value has struggled since its 52-week high of $61.72 per …