How did it work out for $SCTY?
I feel like I must be misunderstanding you. Can you elaborate on that first sentence?
Didn't SCTY shareholders get 0.11 shares of $TSLA for every share they owned?
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Yes but many of them bought shares much higher than that value. If you bought shares at $78 did you really care about 0.11 shares of Tesla in 2016?!?
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The deal was so undersirable that when it was announced the combined value of both companies’ market caps dropped more than the value of the deal.
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