MI Developments to hold annual and special shareholders' meeting on May 7, 2008
March 13 2008 - 4:45PM
PR Newswire (US)
AURORA, ON, March 13 /PRNewswire-FirstCall/ -- MI Developments Inc.
("MID") (TSX: MIM.A, MIM.B; NYSE: MIM) today announced that it will
hold its shareholders' meeting on May 7, 2008 in Toronto to
consider annual meeting matters and certain administrative
amendments to MID's general by-laws. MID has set a record date of
March 20, 2008 for the determination of shareholders entitled to
notice of, and to vote at, the meeting. In addition, on March 7,
2008, MID received a proposal from Greenlight Capital, Inc. (filed
by Greenlight on a Form 13D at http://www.sec.gov/ under MID's
profile). The proposal, together with MID's response, will be
included in the management information circular to be distributed
in connection with the annual and special meeting. About MID MID is
a real estate operating company focusing primarily on the
ownership, leasing, management, acquisition and development of a
predominantly industrial rental portfolio for Magna and its
subsidiaries in North America and Europe. MID also acquires land
that it intends to develop for mixed-use and residential projects.
MID holds a controlling interest in MEC, North America's number one
owner and operator of horse racetracks, based on revenue, and one
of the world's leading suppliers, via simulcasting, of live horse
racing content to the growing intertrack, off-track and account
wagering markets. DATASOURCE: MI Developments Inc. CONTACT: about
this press release, please contact Richard J. Smith, Executive
Vice-President and Chief Financial Officer, at (905) 726-7507
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