04-11-2016 16:43 via uk.news.yahoo.com

Tesla Motors' SolarCity deal gets a boost from shareholder advisory firm

Institutional Shareholder Services (ISS) on Friday recommended that investors in both companies approve Tesla Motors' plan to buy solar panel installer SolarCity for more than $2 billion. ISS' backing of the deal is a key endorsement at a time when shareholder resistance against the takeover remains high. SolarCity's stock rose 9 percent on Friday to $20.40.
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