Magna

Stronach To Give Up Control Of MI Developments For Racing, Gaming Interests?

December 22, 2010

It has been reported that Frank Stronach could soon be relinquishing his control over MI Developments in exchange for the company's horse racing, gambling and related assets, and $20 million (U.S.) of...

Evans Offers Harsh Reality And Optimism

December 20, 2010

During the University of Arizona Race Track Industry Program Symposium held earlier this month, Robert Evans, the president of Churchill Downs Inc., gave the keynote address during which he listed man...

Stronach Stepping Down

Frank Stronach is reluctantly giving up control of Magna, the huge auto parts business he has built worldwide

Commission Rules In Favour Of MID

September 15, 2009

On Monday, September 14, MI Developments Inc. announced that the Ontario Securities Commission dismissed claims made by certain MID Class 'A' shareholders challenging MID's ability to rely on certain ...

Minority Shareholders Take Aim At Magna

September 09, 2009

According to a report by The Globe & Mail, in an Ontario Securities Commission hearing today, minority owners of MI Developments accused the company of improperly making loans to subsidiary Magna ...