CareFusion (NYSE:CFN) shareholders yesterday approved the proposed $12.2 billion merger with Becton Dickinson (NYSE:BDX), the companies said, clearing the way for the deal to close once European regulators clear the deal.
The companies said roughly 76% of CareFusion’s outstanding shares voted to approve the acquisition, which was announced last October.
"The proposed acquisition remains subject to certain other conditions and approvals, including approval of the proposed acquisition by the European Commission under the European Union Merger Regulation," according to a press release.
Earlier this month CareFusion and BD agreed to settle a raft of lawsuits filed by shareholders seeking to block the merger.
In December 2014 BD priced a $6.2 billion bond offering to help fund the cash portion of the deal, a month after the deal passed anti-trust hurdles in the U.S.