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Construction Bids
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June 22, 2016
SAN FRANCISCO (AP) — Electric car maker Tesla Motors is offering to buy solar panel maker SolarCity for up to $2.8 billion in an attempt to create a one-stop shop for cleaner energy as consumers become more concerned about fossil fuels hurting the environment.
The all-stock deal announced Tuesday values SolarCity Corp. at $26.50 to $28.50 per share, depending on a review of the company's books.
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