Navteq Shareholders Approve Nokia’s Buyout Offer

By Carlo Longino Dec. 13, 2007, 1:26am Comments Off

Navteq shareholders overwhelmingly approved Nokia’s (NYSE: NOK) $8.1 billion buyout of the company, which was announced back in October. The deal also cleared one US regulatory hurdle last week, bringing it a step closer to fruition. Nokia has previously said it expects the acquisition to close in the first quarter of 2008, pending necessarily regulatory approvals in the US and Europe. Release