Tesla makes offer to acquire SolarCity  [ USA ]

Tesla made an offer on June 21 to acquire SolarCity, a solar industry leader in the residential, commercial and industrial markets. Subject to completing due diligence, Tesla proposed an exchange ratio of 0.122x to 0.131x shares of Tesla common stock for each share of SolarCity common stock. This proposal represents a value of USD 26.50 to USD 28.50 per share, or a premium of approximately 21% ...
<Jun 24, 2016>