The founder of Tesla Elon Musk is the Chairman of the Board of Directors and main shareholder of SolarCity
Tesla Motors and SolarCity have made progress in closing a deal on the merger, told Reuters familiar with the situation sources.
According to them, companies are “in the final stages of due diligence”. They can reach an agreement in the coming days, although there is a possibility that negotiations will fail, said the sources.
Tesla has offered to buy the company SolarCity, which is engaged in solar energy systems, at the end of June this year. Offered price — from $26.5 to $28,5 per share. In General, the transaction price is $2.86 bn.
The founder of Tesla Elon Musk is the Chairman of the Board of Directors and main shareholder of SolarCity (22%). He said that shareholders of both companies will vote on the deal, at the same time he I abstain from voting.
According to the Mask, the deal will more closely integrate the products of two companies in particular sell batteries for solar modules in the shops of automobile companies.