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

October 26, 2016 8:11 AM EDT

Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.

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:



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Corporate News

Related Entities

Tesla, Definitive Agreement

Add Your Comment