August 14, 2018 / 12:52 PM / Updated an hour ago
Tesla forms special committee, has no formal proposal from Musk
(Reuters) - Tesla Inc’s board has appointed a special committee to evaluate a potential transaction that would take the company private, but has not received a formal proposal from Chief Executive Elon Musk, the company said on Tuesday.
A Tesla electric car supercharger station is seen in Los Angeles, California, U.S. August 2, 2018. REUTERS/Lucy Nicholson/Files
The committee is composed of independent directors Brad Buss, Robyn Denholm and Linda Johnson Rice. It has retained Latham & Watkins LLP as its legal counsel.
Reporting by Supantha Mukherjee in Bengaluru
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