03:34 PM EST - Magna International Inc. : announced that an Ontario court has approved a plan to eliminate the two-class share structure at the car parts maker, marking a victory for company founder Frank Stronach. Magna announced a plan in May to collapse its dual-class share structure by paying Stronach nearly $1 billion to give up his controlling stake. Magna International Inc.
shares T.MG.A are trading up $4.00 at $83.64.
