Reorganization Plan

News, Articles, Videos and other content about Reorganization Plan

MEC Reorganization Plan Scrapped

MEC Reorganization Plan Scrapped

Magna Entertainment Corp. said Feb. 18 it might not be able to meet pressing financial obligations unless alternative measures are found, a revelation disclosed following the sudden halt of a controversial reorganization proposal for the company and its controlling shareholder, MI Developments.

Greenlight Rips MEC Reorganization Plan

Greenlight Rips MEC Reorganization Plan

A longtime adversarial shareholder in MI Developments has blasted the latest reorganization proposal to spin-off subsidiary Magna Entertainment Corp., a plan which includes $75 million in funding for a potential slots parlor at Laurel Park in Maryland.

Most Popular Stories