Tesla shareholders approve $2.6bn SolarCity takeover

Tesla shareholders approve $2.6bn SolarCity takeover
 

Tesla Motors shareholders have approved a $2.6bn (£2.1bn) deal to buy solar panel company SolarCity.
The takeover will expand the electric car maker's clean energy business.
Some investors had opposed the deal, citing a conflict of interest because Tesla's billionaire chief executive Elon Musk is also the largest shareholder in Solar City.
But Tesla said the tie-up was "overwhelmingly" approved by 85% of shareholders not affiliated with the energy business.
Earlier this month Mr Musk made an appeal to investors, predicting that SolarCity could add $1bn of extra revenue to Tesla... read more

 
18 November 2016 in Business, Views: 67
Source: BBC
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