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Brandywine Realty proposes bylaws amendments

Brandywine Realty Trust is urging its shareholders to approve three amendments to its bylaws at the company's annual shareholder meeting May 23.

One of the proposals would change the voting standard for any company merger requiring shareholder approval to a simple majority of votes from two-thirds of votes.

Another proposal would allow the office-focused real estate investment trust to opt out of the Maryland Business Combination Act, effective 18 months after the vote. The act prohibits certain business combinations between a Maryland REIT and an interested shareholder or an affiliate of any interested shareholder for five years after the most recent date on which the person or entity became an interested stockholder.

The third proposal would permit shareholders to vote on bylaws amendments and other matters submitted by the company's board of trustees.