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stronach

July 23, 2010

The Stronach family, founders and controlling shareholders of Cananda-based Magna International, could relinquish more than 40 years of control today when shareholders vote on whether to eliminate the company’s dual share structure.

The Stronach family, founders and controlling shareholders of Cananda-based Magna International, could relinquish more than 40 years of control today when shareholders vote on whether to eliminate the company's dual share structure.

The Stronachs control two-thirds of the automotive supplier's voting shares but own less than 1% of its equity.

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