MI Developments may boost racetrack offer-analyst

Newswire

(In U.S. dollars unless noted) TORONTO, Aug 25 (Reuters) - To calm an investor uproar over plans to privatize its racetrack business, MI Developments may sweeten the offer and restructure the cash and stock deal, an analyst said on Wednesday. Some shareholders in both MID and racetrack operator Magna Entertainment Corp. are unhappy with the deal, which would see MID buy the 38 percent stake of Magna Entertainment that it does not already own. MID minority shareholders say the deal ...

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