Canada: Magna shareholders approve share deal

Magna International has announced that its shareholders have approved a previously detailed proposal to eliminate the supplier's dual class share structure. The so-called 'Plan of Arrangement' was approved by 75.28% of the 89,847,120 votes cast by the disinterested 'minority' holders of Magna's Class A subordinate voting shares, voting separately as Subscribe to Automotive World to … Continued

• By Webmaster
• July 26, 2010