UPDATE 1-Decoma shareholders OK Magna privatization plan

Newswire

TORONTO, Feb 28 (Reuters) - Magna International's aggressive corporate restructuring took another step forward on Monday after shareholders at its Decoma International subsidiary overwhelmingly approved a plan on Monday to take the exterior car-parts maker private. The two companies said in a release that minority shareholders of Decoma had voted more than 95 percent in favor of the plan to fold the company in under the Magna banner. The companies said the privatization plans are ...

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