Tesla-SolarCity Deal Could Be Delayed By Shareholder Lawsuits

September 19, 2016 2:40 PM

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(RTTNews.com) - Tesla Motors Inc.'s ( TSLA ) planned merger with SolarCity Corp. ( SCTY ) faces four lawsuits, one of which seeks an injunction to stop the transaction, potentially holding up a deal until a scheduled hearing on October 18 at the earliest.

between September 1 and September 14,2016, the company said in a regulatory filing.

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