Delaware Supreme Court Holds that Tesla's 2016 All-Stock Acquisition of SolarCity Satisfied Exacting Entire Fairness Review, Ruling in Favor of the Sole Remaining Defendant, Elon Musk.

The Court assumed, without holding, that Musk was Tesla's controlling stockholder, and acknowledged Musk was more involved in the deal process than he should have been. Later in March 2016, after Musk again raised the idea of a possible merger, the Board declined to move forward with SolarCity, and also determined that Musk must recuse himself from any vote related to a potential transaction with SolarCity. [Extracted from the article]