Article: Magna subsidiaries file for issue of subordinate voting shares. (Magna International Inc., Cosma International Inc., Decoma International Inc.)

MAGNA SUBSIDIARIES FILE FOR ISSUE OF SUBORDINATE VOTING SHARES

MARKHAM, Ont., Aug. 3 /PRNewswire/ -- Magna International Inc. (NASDAQ: MAGAF) today announced that two of its subsidiaries, Cosma International Inc., and Decoma International Inc., have filed preliminary documents for the proposed issue of Class A subordinate voting shares of each company in Canada and the United States. These issues represent the first Magna operating groups to be established as separate public corporations modelled on Magna in accordance with guidelines approved by Magna's shareholders. Each company will have a corporate constitution, a share structure, an employee charter and ...

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