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Robbins Arroyo LLP: Acquisition of SolarCity Corporation (SCTY) by Tesla Motors, Inc. (TSLA) May Not Be in Shareholders' Best Interests

SAN DIEGO & SAN MATEO, Calif.--(BUSINESS WIRE)--Shareholder rights attorneys at Robbins Arroyo LLP are investigating the proposed acquisition of SolarCity Corporation (NASDAQ: SCTY) by Tesla Motors, Inc. (NASDAQ: TSLA). On August 1, 2016, the two companies announced the signing of a definitive merger agreement pursuant to which Tesla will acquire SolarCity. Under the terms of the agreement, SolarCity shareholders will receive 0.11 shares of Tesla common stock for each share of SolarCity common stock, with an equivalent value of $25.83 based on Tesla's last closing price on July 29, 2016.

View this information on the law firm's Shareholder Rights Blog:

Is the Proposed Acquisition Best for SolarCity and Its Shareholders?

Robbins Arroyo LLP's investigation focuses on whether the board of directors at SolarCity is undertaking a fair process to obtain maximum value and adequately compensate its shareholders.

As an initial...