Magna Pacific - 2007 Ownership Saga

2007 Ownership Saga

In early 2007, Magna Pacific became the subject of a protracted takeover saga between Lionsgate Films and Destra Corporation In August 2007, Magna Pacific shareholders voted overwhelmingly in favor of Destra's proposed Scheme Of Arrangement. After the assumption of ownership of Magna Pacific, Destra Corporation is now the largest independent home entertainment, music and media distributor in Australia.

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