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Elon Musk’s Tesla-SolarCity deal lawsuit win upheld by Delaware Supreme Court

Teslarati

The Delaware Supreme Court has upheld a lower court’s ruling that Tesla CEO Elon Musk did not push the electric car maker to overpay when it acquired rooftop solar provider SolarCity in 2016. Slights had rejected claims that SolarCity was insolvent when it was acquired by Tesla in the $2.6 The deal, which was worth $2.6

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Elon Musk makes opening remarks in SolarCity trial, defends Tesla’s $2.6B acquisition

Teslarati

billion acquisition of solar energy company SolarCity. The deal took place in 2016 and gave Tesla full possession of the solar panel maker, a move that some Tesla shareholders were not keen on, as some are alleging the move was a bailout of SolarCity. Musk owned a 22% stake in SolarCity at the time of Tesla’s acquisition.

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Tesla’s $2.6bn SolarCity acquisition lawsuit ruled in favor of Elon Musk

Teslarati

Shareholders believed Tesla’s acquisition of SolarCity in 2016 was a bailout of a company owned by two of Musk’s cousins, which was unfair to them. billion price tag for the acquisition of SolarCity after they claim he applied heavy pressure on Tesla’s board to purchase the company. .”

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Elon Musk SolarCity trial: Lawyer loses his lunch, Kimbal takes the stand

Teslarati

Elon Musk’s trial regarding Tesla’s 2018 acquisition of SolarCity in Wilmington, Delaware, took an interesting turn today. Kimbal, a Tesla board member and a businessman in the food sector, said he was not aware of Elon’s activities regarding the SolarCity acquisition. acquisition.

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Elon Musk’s SolarCity trial day 1: Arguments, quotes, and testy exchanges

Teslarati

As he faced a lawsuit from Tesla shareholders about the SolarCity acquisition in 2016, Elon Musk was firm in the notion that he didn’t have any sway over the company’s board when it approved the deal. When SolarCity was acquired by Tesla, Musk was the chair of the company and its largest shareholder.

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Tesla makes ~$2.8B all-stock offer to acquire SolarCity

Green Car Congress

to acquire all of the outstanding shares of solar energy provider SolarCity. Subject to completing due diligence, Tesla is proposing an exchange ratio of 0.122x to 0.131x shares of Tesla common stock for each share of SolarCity common stock. is on both Tesla and SolarCity boards. This proposal represents a value of $26.50

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Elon Musk wins case over Tesla’s acquisition of SolarCity – Judges says he was too involved but paid a fair price

Electrek

A judge sided with Elon Musk in a court case brought by investors over Tesla’s acquisition of SolarCity, which they claimed was pushed by Musk to bail out the solar installer. The post Elon Musk wins case over Tesla’s acquisition of SolarCity – Judges says he was too involved but paid a fair price appeared first on Electrek.

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