SolarCity (SCTY) volatility flat into receiving a takeover offer from Tesla (TSLA)
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Tesla (TSLA) Recovers Off Pre-Market Lows
June 22, 2016 11:10 AM EDTTesla (NASDAQ: TSLA) shares continue to recovery off the pre-market lows following its offer to acquire SolarCity. After trading as low as $190, shares are back to $203.64, but remain down 7.3%. Analysts were mainly negative on the deal, but CEO Elon Musk expressed confidence in... More
Needham & Company Remains Sidelined on SolarCity (SCTY) Following Announced Offer From TSLA
June 22, 2016 9:21 AM EDTNeedham & Company reiterated a Hold rating on SolarCity (NASDAQ: SCTY) following the company's announcement that it has received an offer from TSLA to acquire all of its outstanding shares in a stock exchange deal. The purchase would be at an exchange ratio of 0.122-0.131x TSLA shares for each... More
