Thursday, November 17, 2016

A matter of days: Tesla’s shareholders vote for SolarCity-purchase – NEWS

Friday, 18. November 2016

A large majority of Tesla shareholders want a Takeover by SolarCity. The company is supposed to cost $ 2.6 billion. Piquant is that SolarCity is led by a Cousin of Elon Musks.

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Tesla boss Elon Musk has given the green light for the controversial Takeover of the green energy company SolarCity. The shareholders approved the acquisition at an extraordinary Meeting in California, Fremont, with a broad majority, as Tesla said.

excluding the voting rights of Musk and other members of the company voted to save about 85 percent of the shareholders for the acquisition of the provider of solar systems and energy. The Acquisition should be completed in the next few days.

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The electric car maker Tesla had offered in June up to $ 2.8 billion for SolarCity, and then in August announced that the company for approximately $ 2.6 billion (2.4 billion euros) to swallow. The takeover plan is in financial circles, controversial.

critics accuse Musk of conflicts of interest, since he is at the same time, the largest shareholder and Chairman of SolarCity. From a Cousin Musks-run company operates in addition, yet with losses. Also, Tesla writes regularly in the red, even if in the third quarter, a surprise profit.




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