Vodafone, Verizon Shareholders OK $130B Wireless Stake Sale

Law360, New York (January 28, 2014, 3:04 PM EST) -- Shareholders of Verizon Communications Inc. and Vodafone Group PLC on Tuesday approved the $130 billion sale to Verizon of Vodafone’s 45 percent stake in Verizon Wireless, giving Verizon full control of the mobile phone business and ending a 14-year cross-Atlantic partnership between the companies. 

Shareholders of both companies voted Tuesday to approve the blockbuster sale under which Verizon will pay $58.9 billion in cash and funding the rest through stock and other side deals, the companies said. When announced in September it was the third-largest merger...
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