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Liberty Interactive, General Communication shareholders OK proposals

Liberty Interactive Corp. and General Communication Inc. said that their shareholders approved proposals related to the merger of the latter with former's unit Liberty Ventures.

The approved proposals include renaming General Communication as GCI Liberty Inc. The shareholders also approved the reclassification of existing class A shares in General Communication into class A-1, and class B shares into class B-1 shares.

General Communication has filed restated articles of incorporation with the commissioner of Alaska's Department of Commerce, Community and Economic Development. The changes are subject to regulatory approval.

The two entities still expect the transactions to be completed in the first quarter of 2018.