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Business Technology

Tesla, SolarCity Merge In $2.6 Billion Transaction

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Concluding a transaction that surprised the world when it was announced one month ago, and which we hope the regulators are poring over as a result of a myriad of “related party transactions” and shared top shareholders.

moments ago SolarCity (whose stock is currently halted) announced that Tesla and SolarCity would combine in all-stock deal; in which SCTY stockholders will receive 0.110 Tesla common shares per SCTY share, valuing SCTY common stock at $25.37 per share. – READ MORE

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