Tesla, SolarCity Announce Huge $2.6 Billion Stock Merger

Tesla Motors and SolarCity announced a $2.6 billion stock merger Monday, defying what some consider strategic logic on part of Elon Musk. Musk founded both companies. The deal requires approval from the majority of shareholders of both companies….

http://www.nytimes.com/2016/08/02/business/dealbook/tesla-solar-city-merger-elon-musk.html?_r=0