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tedkov

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tedkov

Re: None

Monday, 08/01/2016 1:55:40 PM

Monday, August 01, 2016 1:55:40 PM

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Solar City Shareholders Upset Over Merger Bid - (via NewsPoints Desk)
August 1, 2016
Tags: NewsPoints SolarCity Tesla United States Corporate Affairs Mergers &
Acquisitions

SolarCity Corp. shareholders are upset with the purchase of the Company by Tesla. SolarCity shareholders will receive 0.110 Tesla common shares per SCTY share, valuing SCTY common stock at $25.37 per share.
The shareholders contend that Elan Musk who owns approx. 22.5% of SolarCity is having
Tesla purchase his company, and
that the purchase price is insufficient in light of the company's growth
prospects.

SolarCity did not immediately respond to requests for a comment.

To contact the law firm handling on behalf of shareholders of
SolarCity for more information call toll free 800.511.7037
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