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Stock Market & Financial Investment News

News Breaks
March 28, 2014
16:06 EDTBRE, ESSEssex shareholders approve issuance of shares in connection with BRE merger
Essex Property Trust (ESS) announced that at its special meeting of stockholders, stockholders approved the issuance of shares of Essex common stock to the stockholders of BRE Properties (BRE) in connection with the merger of BRE with and into BEX Portfolio, a direct wholly owned subsidiary of Essex formerly known as Bronco Acquisition Sub, pursuant to the agreement and plan of merger. Approximately 87.1% of the outstanding shares of Essex common stock voted with respect to the proposed issuance and of those outstanding shares that voted, approximately 99.8% voted in favor of the issuance.
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