Delta, Northwest stockholders approve merger

Delta Air Lines and Northwest Airlines announced that their respective stockholders have overwhelmingly approved the pending merger between the two companies. Delta stockholders approved the issuance of 1.25 shares of Delta common stock for each outstanding share of Northwest stock to be distributed upon closing of the merger, expected later this year. The proposal was approved by approximately 99% of the votes cast by Delta stockholders. More than 98% of the votes cast by Northwest stockholders were voted in favor of the merger.