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Goodmans Publications

Magna - The OSC Decision


Lawyer Jonathan Feldman, Neill May
Area Corporate Finance and Securities


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.

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