Magna Restructuring Survives Appeal
31 Aug 2010, 14:51 UTC · By: Daniel Patrascu / After earlier this month the Ontario Superior Court approved Magna's proposed plan to eliminate the current dual class share structure, the plan was reconfirmed by an appeal court, which denied...
Magna Gets Green Light to Shed Founder
18 Aug 2010, 13:12 UTC · By: Daniel Patrascu / Following some intense months of negotiations and rhetoric, Magna's proposed plan to eliminate the current dual class share structure and subsequently put an end to the control founder Frank St...
Magna Responds to Ontario Securities Commission
17 Jun 2010, 07:46 UTC · By: Daniel Patrascu / The vote for the elimination of Magna's dual share structure, to be held on June 28, is still causing debate in Canada, as some see the move as the right one, while others look at it with disbe...
Magna's Shareholders' Dual Share Dilemma
16 Jun 2010, 10:14 UTC · By: Daniel Patrascu / After back in early May, Frank Stronach, founder of Magna International, agreed to sell the Class B stock which gave him 66 percent of the voting rights, he opened the doors for the elimination of t...
After Magna, Stronach Contemplates EVs
10 May 2010, 14:31 UTC · By: Daniel Patrascu / After late last week the founder of what currently is the largest auto supplier in North America decided to exit the company, Frank Stronach, now in his 70s, is turning his attention towards the eme...
Stronach Exits Magna, Shares Skyrocket
7 May 2010, 10:36 UTC · By: Daniel Patrascu / In what is one of the most exciting news of the day for the financial markets, Frank Stronach, founder of Magna International, the largest North American supplier, is giving up his control over the ...