Vodafone, Verizon investors back $130 billion Verizon Wireless deal

LONDON/NEW YORK (Reuters) - Shareholders of both Vodafone (VOD.L) and Verizon Communications Inc (VZ) approved Verizon's $130 billion takeover of their Verizon Wireless venture on Tuesday, paving the way for the third biggest deal in corporate history. Vodafone shareholders voted for one of the biggest payouts ever as 71 percent of the deal's net proceeds - or $84 billion including stock - will be returned to Vodafone shareholders from the sale of Vodafone's 45 percent interest in Verizon Wireless to majority owner Verizon. "This is the largest single return of value to shareholders in history," Vodafone Chairman Gerard Kleisterlee told the shareholders at a meeting in London.

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