Tesla's SolarCity deal gets a boost
Institutional Shareholder Services on Friday recommended that investors in both companies approve Tesla Motors' plan to buy solar panel installer SolarCity for more than $2 billion.
The backing from the Institutional Shareholder Services of the deal is a key endorsement at a time when shareholder resistance against the takeover remains high. SolarCity's stock rose 9 per cent on Friday to $20.40.
The backing from the Institutional Shareholder Services of the deal is a key endorsement at a time when shareholder resistance against the takeover remains high. SolarCity's stock rose 9 per cent on Friday to $20.40.