Magna share vote postponed, more disclosure ordered

Newswire

* Magna founder set for payout of nearly $900 mln * Vote to proceed "in due course" * Ontario Securities Commission not convinced deal abusive * Shares drop nearly 1 pct to C$72.33 on the TSX (Adds details. In U.S. dollars unless noted) By John McCrank and Jeffrey Hodgson TORONTO, June 25 (Reuters) - The vote on Magna International Inc's plan to buy its founder's controlling shares for nearly $900 million will go ahead, but only after it complies with an order to give shareholders ...

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