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I wonder if this will be approved by the shareholders, considering that Solar City is losing $300 million in value and it is an all shares merger. I'm hesitant
by yladiz 10y ago
I wonder if this will be approved by the shareholders, considering that Solar City is losing $300 million in value and it is an all shares merger. I'm hesitant to say it'll go through since I don't think investors like the news, as both stocks are down today and both took a huge hit around when this was announced (Telsa was -2%, but bounced back to -0.5% and Solar City is currently -6%, and falling).
- zwily 10y agoSCTY was trading around $22 when the merger was first announced back in June.
- Florin_Andrei 10y agoIf they don't approve it, they're short-sighted. The model makes a lot of sense in the long run.
- analyst74 10y agoLooks like those who don't approve the deal and those who do both voted with their money.