Regulator ruling on Magna share plan due today

Newswire

* Ontario Securities Commision decision due after 4 p.m. * Most shareholders support plan to change share structure * Magna's founder in line for nearly $900 mln payout (In U.S. dollars unless noted) By John McCrank TORONTO, June 24 (Reuters) - Ontario regulators will decide on Thursday if Magna International Inc can go ahead with a June 28 vote on a plan that would pay its founder nearly $900 million for giving up his controlling shares. The plan, if passed, would release the iron ...

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