Arbitron stockholders approved the acquisition of the ratings company by Nielsen Holdings.
Some 98.99% of the shares voted in favor of the deal, according to Arbitron. These shares represented approximately 77.11% of total outstanding shares of Arbitron common stock as of the March 8 record date for the voting meeting.
As announced last December, Arbitron and Nielsen agreed that Nielsen would acquire Arbitron for $48 per share in cash. The companies estimate the total value of the deal at $1.2 billion.
This is not the final hurdle for the transaction. Last month, the Federal Trade Commission asked both companies for more information as part of the review process.