Jump to content

Custom Search





2019 Lincoln Aviator Introduced Here !


Welcome to Blue Oval Forums


Sign In  Log in with Facebook

Create Account
Welcome to Blue Oval Forums.  You must first register to create topics and post replies. Registration is a quick and easy process and only takes a minute.  Be apart of Blue Oval Forums by signing in or creating an account.
  • Start new topics and reply to others
  • Subscribe to topics and forums to get email updates
  • Get your own profile page and make new friends
  • Send personal messages to other members
  • Create a photo album and post images
  • Use the Shout feature and more. . .
Click here to create an account now.
 
Guest Message by DevFuse

Photo
- - - - -

Tesla seeks wide investor pool in push to go private


  • Please log in to reply
1 reply to this topic

#1 OFFLINE   jpd80

jpd80

    Member

  • Blue Oval Member
  • PipPipPipPipPip
  • 24,686 posts
  • Joined 02-June 04
  • Region:Decline
  • Location:My Happy Place
  • Current Vehicle:Falcon 302 V8

Posted 10 August 2018 - 09:33 PM

Tesla seeks wide investor pool in push to go private

August 10, 2018 @ 7:02 pm

Dinesh Nair, Alex Barinka and Ruth David

Bloomberg

 

http://www.autonews....h-to-go-private

 

Tesla Inc. CEO Elon Musk and advisers are seeking a wide pool of investors to back

a potential take-private of the automaker to avoid concentrating ownership among a

few new large holders, according to people familiar with the matter.

 

Tesla is holding early discussions with banks about the feasibility and structure of a

possible deal, the people said, asking not to be identified as the details aren’t public.

They are canvassing investors including large asset managers, the people said.

 

Billionaire founder Musk would prefer to amass a group of investors who could each

contribute part of the funds because he wants to avoid having one or two large new

stakeholders in the company, the people said. Deliberations are at an early stage

and the company hasn’t yet formally hired a bank to work on the process or made

a final decision on how to proceed, they said.

 

A representative for Tesla didn’t immediately respond to a request for comment.

Tesla’s shares briefly turned negative on the news and traded up 0.8 percent at

4:05 p.m. in New York.

 

 

So now it should be apparent to most that Musk  wants his cake and eat it too,

he's opening up the idea to go private as a way to increase investment and

to limit the influence of major stake holders. Anyone who opposes will be

offered a $420/ share buy out.... but will those shares then be sold to new

incoming investors? I  think that's the plan so Musk doesn't have to find

anywhere near as much finance as most think...


Edited by jpd80, 10 August 2018 - 09:41 PM.








Lose this advertisement by becoming a member. Click here to create a free account.


#2 OFFLINE   fordmantpw

fordmantpw

    akirby's stunt double

  • Blue Oval Member
  • PipPipPipPip
  • 10,290 posts
  • Joined 30-January 06
  • Region:U.S. Mississippi Valley
  • Location:Mid Missouri
  • Current Vehicle:2017 F350 Crew Cab 4x4 PowerStroke Diesel

Posted 11 August 2018 - 08:57 AM

He said in his tweet that he already had the funding to take it private.

photo-thumb-15254.jpg

 

Future Vehicles
2020 Ford Explorer/Lincoln Aviator

Current Vehicles
'17 F350 Super Duty Crew Cab, Lariat, 4x4, 6.7L Diesel

'10 Mercury Milan

'09 Ford Flex Limited (wife's)

Past Vehicles
'08 F250 Super Duty Crew Cab, Lariat, 4x4, 6.4L Diesel
'05 Ford F150 XLT SuperCrew 4x4 5.4 - sold @53k, not a single problem
'03 Ford Escape XLT
(wife's) Traded at 75k for '09 Flex
'99 Ford F150 XLT Regular Cab 4x4 5.4 - Sold @136k, then totaled by the new owner on the way to its new home :(
'96 Chevrolet Cavalier (wife's - she brought it into the marriage)
'86 Ford Bronco II XLT 4x4 5 Speed 2.9L - what a dog, and it cracked heads like no tomorrow. 150k+ on 4 engines









Custom Search


0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users

Privacy Policy Terms of Service | DMCA ·