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Actually there's a lawsuit against Zulily basically saying that shareholders who purchased at a higher price than the shares were acquired for are not satisfied
by a13n 10y ago
Actually there's a lawsuit against Zulily basically saying that shareholders who purchased at a higher price than the shares were acquired for are not satisfied with selling at that lower price. https://www.internetretailer.com/2015/09/23/shareholders-seek-class-action-lawsuit-against-zulily https://www.internetretailer.com/2015/09/23/shareholders-see...
- caminante 10y agoAs of yesterday, SCTY had a mean target price of $30.18/share across 17 Wall Street analysts. To your point, shareholders might balk at TSLA's offer.
- kgwgk 10y agoSell-side analysts are not going to pay shareholders $30 for their shares though. Tesla stock is not cash, but is better than nothing. If anyone is losing in this deal I think it will be non-Musk Tesla shareholders.
- toomuchtodo 10y agoAs a TSLA stockholder, I hope they do; I'd rather TSLA wait to buy up SCTY assets when they're in bankruptcy rather than pay a premium to SCTY stockholders (sorry Elon!)
- haser_au 10y agoThere's a risk that another company will offer to buy it before this happens. The board of Tesla probably feels this is the right time to get in on a promising business.
- a13n 10y agoI certainly do, TSLA is getting a fantastic deal.
- jonknee 10y agoThat will be a tough battle considering that Musk himself owns 22% of SolarCity shares.
- haser_au 10y agoMusk isn't voting on either the Tesla or SolarCity shareholder votes, meaning this 22% becomes "abstained". Edit: Yes he is...sorry, he only recused from the board meeting/votes, not the shareholder votes that are yet to come.