 | Magna - The OSC Decision |
June-30-2010
| Lawyer | Jonathan Feldman, Neill May |
| Area | Corporate Finance and Securities |
Summary
The proposed reorganization of the share capital of Magna International Inc. – which would result in the collapse of Magna’s dual class capital structure – has attracted significant attention due to, among other things, the profile of the parties, the premium proposed to be paid to Frank Stronach and related entities to collapse a share structure that many institutional shareholders have found objectionable, and the possible implications of the transaction as a precedent for other Canadian issuers with similar structures.
