Stockholders of BPW Acquisition Corp have backed the company’s proposed reverse acquisition by women’s wear retailer The Talbots, paving the way for the completion of the deal within weeks.

At a special meeting, about 91% of votes were cast in favour of the merger, meaning that less than 1% of stockholders have elected to convert their shares into cash.

The Talbots president and CEO Trudy Sullivan welcomed the backing of the acquisition, the terms of which were amended last week.

“Once completed, we believe the merger will provide us with the solid financial foundation needed to position us to achieve our long-term growth objectives and create value for all of our stakeholders,” she said.

The deal is expected to close within a month.