The two firms also agreed to enter into a confidentialityagreement that includes a standstill provision effective untilMarch 30, 2007. This will be filed with the SEC.

These decisions were part of a settlement approved by theDelaware Chancery Court yesterday. The court also ordered that theshares represented at that meeting are to constitute a quorum,although the quorum requirement is in Mills' bylaws.

Jon Hagan and Keith Locker, two independent directors with REITexperience, were originally proposed by Gazit and are among thefour directors chosen. Mills CEO and president Mark Ordan and S.Joseph Bruno, a current Mills director and the chairman of itsaudit committee, are the other two on the slate.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.