jpd80 Posted August 11, 2018 Share Posted August 11, 2018 (edited) 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.com/article/20180810/OEM/180819934/tesla-seeks-wide-investor-pool-in-push-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 August 11, 2018 by jpd80 Quote Link to comment Share on other sites More sharing options...
fordmantpw Posted August 11, 2018 Share Posted August 11, 2018 He said in his tweet that he already had the funding to take it private. Quote Link to comment Share on other sites More sharing options...
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