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GGP stockholders approve Brookfield Property merger

Stockholders of regional mall real estate investment trust GGP Inc. approved its merger with Brookfield Property Partners LP at a special meeting of stockholders held July 26.

The merger involves Brookfield Property purchasing the shares it does not already own in GGP for $23.50 per share in cash, or one Brookfield Property unit or one share of a new BPY U.S. REIT security for each GGP share.