Real estate company MI Developments (MIMa.TO) said the Ontario Superior Court approved the company's proposal to eliminate its dual class share structure. The arrangement, which the Ontario Superior Court of Justice termed "fair and reasonable," will close on June 30, the company said in a statement. On Tuesday, MI Developments' shareholders approved a plan to eliminate its dual share structure, a move that effectively ends Canadian billionaire Frank Stronach's control of the company. [ID:nN29269045]
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