Magna Entertainment Corp. Proceeds with Stock Consolidation (Broadcast Newsroom)
AURORA, ON , July 3 /PRNewswire-FirstCall/ - Magna Entertainment Corp. ("MEC" or the "Company") (NASDAQ: MECA; TSX: MEC.A) today announced that its Board of Directors has approved a reverse stock split of MEC's Class B Stock and Class A Subordinate Voting Stock ("Class A Stock"), utilizing a 1:20 consolidation ratio.
