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Shareholders Approve $130 Billion Verizon Wireless Deal

Verizon Communications Inc. cleared a final hurdle in its push to gain full control of its wireless joint venture with Vodafone Group Plc after investors from both companies approved the $130 billion deal.

Following today’s vote, Verizon plans to issue 1.28 billion shares to shareholders of Newbury, England-based Vodafone, according to a company statement. It 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.