Tesla (TSLA) Files Presentation to Proxy Firms on Proposed SolarCity (SCTY) Acquisition

October 26, 2016 8:11 AM EDT

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Tesla (Nasdaq: TSLA) filed a presentation made to proxy advisory firms with respect to its pending SolarCity (Nasdaq: SCTY) acquisition.

Tesla noted:

  • $150 million of direct cost efficiencies
  • The vast majority of large institutional shareholders understand the strategic rationale behind the combination
  • The combination will allow SolarCity's products to benefit from Tesla's loyal following

The executive summary is below:

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