Tesla team up to negotiate a deal to convert a private company, Saudi Arabia may play a prominent role in the page

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The company was Tesla the focus of many news lately for reasons other than electric cars. In fact, he revealed the company’s CEO, Mr. Elon Musk recently that he is thinking of turning Tesla into a private company again. Would be a major deal If it happened already, but obviously they require the approval of the Board of Directors and shareholders of the company. The form of the Board of Directors of the company Tesla now a special committee of three Directors to negotiate with Elon Musk on a plan to transform the company into a private company.

The Commission said it did not see the display tangible CEO Elon Musk. The role of this Committee in evaluating the proposal of Elon Musk with the knowledge that it had been the latter that revealed that he would pay the $ 420 per share, which is the price of the acquisition provided for shareholders who wish to dispose of their shares in the company.

Enjoy this newly formed Committee authority to take any action on behalf of the Board of Directors in evaluating the potential transaction, negotiation, in addition to any alternatives to the proposal by Elon Musk with the knowledge that the latter also mentioned that he was securing the funding needed to achieve the Tesla to a private company. Revealing the details of additional recent reports that the Sovereign Wealth Fund in Saudi Arabia put forward the idea of turning Tesla into a private company during the past two years.

It is noteworthy that the Sovereign Wealth Fund in Saudi Arabia is still committed to the plan, as it bought 5 percent of the shares of Tesla in the public markets recently. As being Elon Musk talks with other investors may be willing to support this step.

 

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