Vodafone Shareholders Approve Sale Of Verizon Wireless Stake

wochit business
January 28, 2014 AT 9:43 AM
Vodafone shareholders approved the company’s sale of its 45 percent stake in Verizon Wireless on Tuesday, paving the way for one of the largest acquisitions in corporate history. Investors overwhelmingly voted in favor of the $130 billion sale to Verizon Communications. The deal will return about $84 billion to shareholders in what Vodafone said was the single largest return of value in history, according to a presentation on its website.