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MEC Reorganization Vote Postponed

MEC Reorganization Vote Postponed

The parent company of Magna Entertainment Corp. has called off a scheduled July 24 shareholder meeting to vote on a complex reorganization plan that has raised the ire of some large stakeholders.

 Sunday, June 29, 2008
Vote Set for MEC Parent Reorganization

Vote Set for MEC Parent Reorganization

MI Developments has announced a special shareholders meeting in Toronto July 24 to consider the reorganization proposal that could result in Magna Entertainment Corp. being sold to an entity controlled by founding chairman Frank Stronach.

 Friday, May 30, 2008