The Ontario Superior Court is expected to rule Tuesday on Magna International's $1.1-billion deal with founder Frank Stronach.

The deal would have management of the auto parts giant, based in Aurora, Ont., compensate Stronach and his family trust for giving up control of the company.

Large shareholders had opposed the deal because of the size of the premium founder Frank Stronach and executive vice-chair Belinda Stronach, his daughter, would receive. (Frank Gunn/Canadian Press)

Stronach would receive $300 million US in cash, $120 million in consulting fees over the next four years, nine million single-vote shares of Magna and control over a new joint venture focused on electric vehicles.

A lawyer for Stronach said Monday he expects the court to release its decision early in the day on whether the plan can proceed.

Three-quarters of shareholders who took part in a vote on the deal July 23 approved the deal but several large shareholders remained opposed to the plan because of the premium that Stronach would receive.

Among them were the Ontario Teachers' Pension Plan, the Canada Pension Plan Investment Board, the Ontario Municipal Employees Retirement System, Alberta Investment Management Corp. and British Columbia Investment Management Corp.