Magna Entertainment News Archives

Magna Entertainment Corp. is holding its Annual and Special Meeting of Stockholders on Tuesday, May 6, 2008 at Le Royal Meridien King Edward Hotel, Sovereign Ballroom, 37 King Street East, Toronto, Ontario, ... via Canada NewsWire

“MEC is very disappointed with the actions of both the Oregon Attorney General and the ORC, and is considering all of its legal options with respect to this matter.”

Photo: Magna Entertainment Corp. said it is "considering all of its legal options" after the Oregon Racing Commission rejected its request to allow installation of Instant Racing gaming terminals at Portland ... via Blood Horse

Adobe Video Collection Training Bundle will help you master the professional features of the Adobe Video Collection. via Digital Post Production

“The answer is very clear. The Stronach proposal contains a multi-hundred million dollar payoff for Mr. Stronach, and the Board Resolutions do not.”

On March 7, 2008, Greenlight Capital submitted a shareholder proposal to MI Developments Inc. via Canada NewsWire

“Magna's manufacturing and engineering capability, financial strength, and skilled management team should allow the company to grow and prosper despite industry turmoil”

April 15, 2008, 1:08 PM by Zena Olijnyk Citigroup Global Markets analyst Itay Michaeli has lowered her earnings per share estimate and price target for Magna International Inc., saying the Ontario auto supplier ... via National Post

April 14, 2008 Magna Entertainment Corp. has closed the sale of 225 acres of excess real estate located in Ebreichsdorf, Austria, to a subsidiary of Magna International Inc. via Commercial Property News

“We do not understand how this deal can be justified”

Considering he's a Canadian titan and the founder of the largest auto-parts manufacturer in the world, Frank Stronach makes a surprisingly modest salary as the chair of Magna International. via Ottawa Citizen

Greenlight Capital is vehemently opposed to the proposed reorganization of MI Developments Inc. via Canada NewsWire

“We do not understand how this deal can be justified”

Two of the three largest shareholders of MI Developments Inc. blasted Frank Stronach's plan to reorganize his non-automotive holdings, meaning the plan could be dead in the water just days after it was ... via Globeinvestor.com

Struggling racetrack owner Magna Entertainment Corp. will ask stockholders to approve a reverse stock split at the company's Annual and Special Meeting of Stockholders on May 6 in Toronto. via Thoroughbred Times