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Investors and finanical analysts have been baffled by a $2.86 billion bid by electric car manufacturer Tesla to acquire SolarCity:
Musk, the largest shareholder of both companies, said he and Antonio Gracias, who is also a member of both boards, will recuse themselves from voting on the takeover offer. The all-stock deal is worth $26.50 to $28.50 for each SolarCity share, Tesla said. That calculates to a premium of as much as 35 percent from Tuesday's closing price. The average 12-month price target among analysts surveyed by Bloomberg is $29.82. "In my personal opinion, this is obviously something that should happen," Musk, who is chief executive officer of Tesla and chairman of SolarCity, said in a conference call. "It's a no-brainer." With 100.2 million SolarCity shares outstanding, the offer is worth as much as $2.86 billion.
[...] Tesla fell as much as 12 percent in extended trading while SolarCity rose as much as 29 percent.
(Score: 4, Insightful) by Anonymous Coward on Wednesday June 22 2016, @05:03PM
Please drop such tripe as "So you "need" to socially signal your holiness by being a good acolyte of environmentalism". Every area in life has its annoying people, religious evangelists, politic-heads, gun enthusiasts, etc. Obviously you've been annoyed by the environmental trend, but it really is a factual necessity. I would argue that supporting environmentalism in general is being a sensible human being concerned with future survival.
Are there ridiculous examples of environmentalism being stupid? Sure. Should you go mocking a large section of humanity because you have some gripes? No. That is the path of prejudice, where you slide people into your own mental categories to reinforce your worldview.
(Score: 0) by Anonymous Coward on Thursday June 23 2016, @03:32AM
The best part about VLM's post complaining about people needing to signal attitudes that he disagrees with is that he's signaling how great he thinks he is by whining about them. He is literally exactly what he is complaining about. Too fucking clever for his own good.