This article does not cite any references or sources. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (September 2008)

Magna Corporation was a publicly-held company in Flowood, Mississippi, U.S.A. that served as a holding company. Its primary divisions were Mississippi Steel and Magna American Corp. Mississippi Steel was Mississippi's first steel manufacturer beginning operations in 1957. Magna American Corp. built garden tillers and other items, as well as manufacturing the Amphicat in Raymond, Mississippi.

In 1985, the United States Securities and Exchange Commission sued former company president Wesley A. Caldwell, Jr., of Brandon, Mississippi, claiming that he had received benefits from the company "without review and approval" and violated the Securities Exchange Act of 1934. ^[1]

[edit] References

This United States corporation or company article is a stub. You can help Wikipedia by expanding it. v • d • e