UPDATE 2-Magna "handcuffed" board with share plan-regulator

Newswire

* Plan was seen as "a one and only opportunity" * Majority of class A holders currently back share deal * Magna shares end up 2.4 pct on Toronto Stock Exchange (Adds details from hearing; in U.S. dollars, unless noted) By John McCrank TORONTO, June 23 (Reuters) - Management at Magna International "handcuffed" company board members by not consulting them on a plan to pay founder Frank Stronach a huge premium to give up his controlling share block, Canada's senior equities regulator ...

Premium Content (PAID Subscription Required)

"UPDATE 2-Magna "handcuffed" board with share plan-regulator" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×