atHome Top Story (Free subscription) | 05/08/2008
Frank Stronach, founder of MI Developments Inc., has easily defeated an attempt by shareholder Greenlight Capital to block his restructuring plan.
Globe and Mail (Free subscription) | 05/07/2008
Loss at Magna Entertainment weighs on results from property arm of Canadian auto-parts empire Magna International
PR News Wire (Free subscription) | 05/07/2008
PR News Wire (Free subscription) | 05/05/2008
AURORA, ON, May 5 /PRNewswire-FirstCall/ - MI Developments Inc. ("MID") (TSX: MIM.A, MIM.B; NYSE: MIM) announced today that the conference call to discuss the Company's first quarter results will be held on Wednesday, May 7, 2008 at 2:00 p.m. EST. The number to use for this call is 1-800-732-9307. Please call 10 minutes prior to the start of the conference call. The dial-in number for overseas...
PR News Wire (Free subscription) | 04/18/2008
AURORA, ON, April 18 /PRNewswire-FirstCall/ - MI Developments Inc. (TSX: MIM.A, MIM.B; NYSE: MIM) responded today to the press release issued earlier today by Greenlight Capital with respect to Greenlight's shareholder proposal and the reorganization proposal that has the support of over 50% of the holders of MID's Class A Subordinate Voting Shares. MID's position with respect to the Greenlight...
PR News Wire (Free subscription) | 04/18/2008
NEW YORK, April 18 /PRNewswire/ -- On March 7, 2008, Greenlight Capital submitted a shareholder proposal (the "Shareholder Proposal") to MI Developments Inc. (NYSE: ). The Shareholder Proposal is simple. It merely asks that MI Developments Inc. ("MID") shareholders vote to have the Board implement value-enhancing proposals the Board itself developed and adopted back in May 2005 (the "Board...
PR News Wire (Free subscription) | 04/16/2008
AURORA, ON, April 16 /PRNewswire-FirstCall/ - MI Developments Inc. ("MID") (TSX: MIM.A, MIM.B; NYSE: MIM) is holding its Annual and Special Meeting of Shareholders on Wednesday, May 7, 2008 at Le Royal Meridien King Edward Hotel, 37 King Street East, Toronto, Ontario, Canada, commencing at 10:30 a.m. EST. The meeting will be webcast live at . In addition to addressing the Annual and Special...
PR News Wire (Free subscription) | 04/02/2008
AURORA, ON, April 2 /PRNewswire-FirstCall/ - MI Developments Inc. (TSX: MIM.A, MIM.B; NYSE: MIM) responded today to the press release issued by Greenlight Capital (Greenlight) with respect to the reorganization proposal received on March 31, 2008 on behalf of various MID shareholders, including entities affiliated with Frank Stronach, MID's controlling shareholder, and institutional shareholders....
PR News Wire (Free subscription) | 04/02/2008
NEW YORK, April 2, 2008 /PRNewswire/ -- Greenlight Capital is vehemently opposed to the proposed reorganization of MI Developments Inc. (NYSE: ) that was announced on Monday (the "Proposal"). Greenlight has been a major shareholder of MI Developments ("MID") since its spin-off in August 2003, holding more than 10% of the outstanding shares. Since the spin-off, MID has failed to execute...
Globe and Mail (Free subscription) | 03/31/2008
Proposed restructuring would also involve selling the real estate company's 59 per cent stake in MEC for $25-million to an unidentified third party
PR News Wire (Free subscription) | 03/27/2008
AURORA, ON, March 27 /PRNewswire-FirstCall/ - MI Developments Inc. ("MID") (TSX: MIM.A, MIM.B; NYSE: MIM) today announced that Senator Rod A. A. Zimmer has been appointed to its Board of Directors, effective immediately. Senator Zimmer has been a member of the Senate of Canada since August 2005 and currently serves on the standing committees for National Security and Defence and for Transportation...
atHome Top Story (Free subscription) | 03/24/2008
The top managers at autoparts giant Magna International Inc. without "Stronach" as surnames have the chance to show real leadership by using a tad of Magna's $2.2 billion in cash reserves to buy the portion of MI Developments Inc., a real estate arm that owns land under dozens of Magna plants worldwide, not owned by founder Frank, then spin off, sell or otherwise kill MI-controlled Magna Entertainment...
Globe and Mail (Free subscription) | 03/05/2008
Hurt by its holdings of trouble horse racing empire Magna Entertainment
PR News Wire (Free subscription) | 03/05/2008
PR News Wire (Free subscription) | 02/25/2008
AURORA, ON, Feb. 25 /PRNewswire-FirstCall/ - MI Developments Inc. ("MID") (TSX: MIM.A, MIM.B; NYSE: MIM) will announce its financial results for the fourth quarter and fiscal year ended December 31, 2007 on Wednesday, March 5, 2008 before the market opens for trading. A conference call to discuss those results will be held on Wednesday, March 5, 2008 at 10:30 a.m. EST. The number to use for...
