Tesla and SolarCity agree on a $2.6 billion deal, 45-day ‘go shop’ period

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As anticipated yesterday, Tesla announced this morning that it came to an agreement with SolarCity and both board of directors approved a deal worth $2.6 billion in Tesla stocks. Under the agreement, SolarCity has a 45-day ‘go shop’ period to request other offers and the deal is subject to SEC review, but otherwise, the agreement will be brought to a Shareholders vote after September 14, 2016. more…

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