Musk's take-private proposal for Tesla is a nightmare for potential advisors

Musk's take-private proposal for Tesla is a nightmare for potential advisors

6 years ago
Anonymous $oIHRkISgaL

https://www.cnbc.com/2018/08/16/musk-take-private-tesla-nightmare-for-advisors.html

Taking Tesla private is going to be very complicated at best and a complete non-starter at worst. It's not going to be a fun task for Tesla's legal and financial advisors, unless their idea of fun is a lot of consternation.

The special committee to Tesla's board that has been put in charge of assessing the prospects of going private still hasn't chosen a financial advisor, according to people familiar with the matter. Centerview, Evercore and Lazard have all pitched their services to the board, and a decision should be made soon, said the people, who asked not to be named because the discussions are private. The special committee has retained Latham & Watkins LLP as its legal counsel. Spokespeople for Centerview, Evercore and Lazard declined to comment.