Shareholders Approve $130 Billion Verizon Wireless Deal

Verizon Communications cleared a final hurdle in its push to gain full control of its wireless joint venture with Vodafone Group Plc (VOD) after investors from both companies approved the $130 billion deal. Following the vote, Verizon plans to issue 1.28 billion shares to shareholders of Vodafone. Verizon expects to complete the takeover of Verizon Wireless on Feb 21. The company still needs approval from the High Court of Justice of England and Wales.