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 (SCTY) shares soared as much as 12 percent Wednesday after Tesla Motors (TSLA) made a $2.8 billion offer to buy the clean energy provider in pursuit of synergy. The stock later pared its gains, ending the day up just 3 percent. …
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 …
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 …
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 …
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 …
BUFFALO, N.Y. - Governor Cuomo may not have bet the house on SolarCity, but he bet half the house. Half of the Buffalo Billion, $500 million, is going to build the plant for SolarCity at Riverbend, and the state is spending another $250 …
At the close of the NASDAQ on Thursday evening, SolarCity (s SCTY) ended its first day of trading up close to 50 percent, closing at $11.79. The price is almost $4 per share higher than the initial price of $8 per share, though a little …
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 …