Navteq shareholders approve mapmaker's acquisition by Nokia

CHICAGO -- Shareholders of digital mapmaker Navteq Corp. approved the company's acquisition by cell-phone maker Nokia Corp. by an overwhelming majority Wednesday at a special meeting.

The vote should clear the way for the $8.1 billion transaction to close shortly. Antitrust regulators signed off on the deal last week.

Navteq produces maps and software found in car navigation systems, portable navigation devices and Internet map sites. Nokia's purchase of the company reflects its interest in using more navigation software in its products.

Navteq shares rose 11 cents to close at $74.49 a share Wednesday. Nokia shares, which have doubled since February, increased 54 cents to $39.55.