Orbitz Stockholders Okay Acquisition By Expedia

(RTTNews) - Online travel company Orbitz Worldwide (OWW) on Wednesday said its stockholders approved the company being acquired by Expedia Inc (EXPE).

About 74 percent of the shares outstanding voted in favor of the deal, and more than 99 percent of the votes cast were in favor of the transaction, Orbitz said.

In February, Expedia agreed to acquire all outstanding shares of Orbitz for $12 per share. In March, the two companies said they received a request for additional information and documentary material from the U.S. Department of Justice as part of the agency's regulatory review.

The transaction remains subject to additional customary closing conditions.