Tesla Motor Inc.’s proposed acquisition of American energy services provider SolarCity Corp. – worth $2.6 billion – has run into troubled waters and could be deferred.
On Monday, Sept. 19, the company revealed that SolarCity’s acquisition could potentially be delayed as Tesla shareholders had filed lawsuits. The four lawsuits against the automaker has been filed by four different shareholders over the imminent buyout and alleges that Tesla’s board members breached fiduciary duty as revealed in a Securities and Exchange Commission (SEC) filing.
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