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MI Developments postpones special meeting to accommodate ongoing shareholder discussions on Reorganization Proposal

PR News Wire (Free subscription) | 06/27/2008

AURORA, ON, June 27 /PRNewswire-FirstCall/ - MI Developments Inc. (MID) (TSX: MIM.A, MIM.B; NYSE: MIM) today announced that, in light of shareholder discussions relating to potential amendments to the reorganization proposal received by MID's Board of Directors on March 31, 2008 (the "Reorganization Proposal"), the special meeting of MID shareholders to consider the Reorganization Proposal,...

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Magna Entertainment Corp. Announces Sale of Great Lakes Downs

PR News Wire (Free subscription) | 07/16/2008

... $4.5 million have been used to partially repay the Company's bridge loan with a subsidiary of MI Developments Inc., MEC's controlling shareholder. MEC, North America's largest owner and operator of horse racetracks, based on revenue, develops, owns and operates horse racetracks and related pari-mutuel wagering operations, including off-track betting facilities. MEC also develops,...

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Court dismisses Greenlight Capital appeal

PR News Wire (Free subscription) | 07/10/2008

AURORA, ON, July 10 /PRNewswire-FirstCall/ - MI Developments Inc. (MID) (TSX: MIM.A, MIM.B; NYSE: MIM) today announced that the Ontario Divisional Court has dismissed Greenlight Capital's appeal of the decision of the Ontario Superior Court of Justice dismissing the oppression application filed by Greenlight and certain hedge funds managed by Greenlight against MID and certain of its...