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Tesla’s Acquisition of SolarCity Receives Shareholder Approval
Nov. 21, 2016 04:00PM PST
Cleantech InvestingTesla (NASDAQ:TSLA) are going ahead with their purchase of SolarCity (NASDAQ:SCTY), giving their joint solar roof project the green light. As quoted in the press release: Tesla’s shareholders have overwhelmingly approved our acquisition of SolarCity. Excluding the votes of Elon and other affiliated shareholders, more than 85% of shares voted were cast in favor of …
Tesla (NASDAQ:TSLA) are going ahead with their purchase of SolarCity (NASDAQ:SCTY), giving their joint solar roof project the green light.
As quoted in the press release:
Tesla’s shareholders have overwhelmingly approved our acquisition of SolarCity. Excluding the votes of Elon and other affiliated shareholders, more than 85% of shares voted were cast in favor of the acquisition. With SolarCity’s shareholders also having approved the acquisition, the transaction will be completed in the coming days.
We would like to thank our shareholders for continuing to support our vision for the future. We look forward to showing the world what Tesla and SolarCity can achieve together.
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