UPDATE 1-Magna investors need info before vote- regulator

Newswire

* Regulator says vote can proceed if more info offered * Ontario Securities Commission not convinced deal abusive * Most shareholders had backed share structure change * Magna's founder in line for around $900 mln payout (Adds detail) By Jeffrey Hodgson and John McCrank TORONTO, June 25 (Reuters) - Magna International Inc must provide shareholders with more information in order to proceed with a vote on a plan that would pay its founder around $900 million for giving up his ...

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