UPDATE 2-Dissident shareholders to appeal Magna ruling

Newswire

* Big pension funds among those opposed to court decision * To contest deal giving founder a billion-dollar payout * Magna, Stronach reserve right to end deal by month-end (Adds Teachers' confirmation, in U.S. dollars unless noted) TORONTO, Aug 18 (Reuters) - Dissident shareholders of Magna International , including two of Canada's largest pension funds, will appeal a court ruling this week that approved a billion-dollar payout to founder Frank Stronach to cede control of the auto ...

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