04-11-2016 15:55 via uk.news.yahoo.com

Tesla Motors' SolarCity deal gets a boost from ISS blessing

(Reuters) - Institutional Shareholder Services (ISS) gave a boost to Tesla Motors' plan to buy solar panel installer SolarCity for more than $2 billion by recommending that shareholders of both companies vote for the deal, the advisory firm said on Friday. "The transaction is a necessary step towards TSLA’s goal of being an integrated sustainable energy company," said ISS, an influential proxy advisory firm that recommends votes for contested situations and deals to institutional sharehold
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