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 …
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 …
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 …
Under the terms of the agreement, shareholders of SolarCity will receive 0.110 shares of Tesla common stock for each …
Tesla said Monday it will buy solar panel maker SolarCity Corp. in an all-stock deal worth $2.6 billion. The deal must still be approved by the government and shareholders at both companies. It’s expected to close in the fourth quarter if it …
ISS' backing of the deal is a key endorsement at a time when shareholder resistance against the takeover remains high. SolarCity's stock rose 9 percent on Friday to $20.40. "The transaction is a necessary step toward TSLA’s goal of …