We calculate an estimate of the gravitational radiation emitted when two eq
ual mass black holes coalesce at the end of their binary inspiral, using se
veral approximations based on considering the holes close to each other. A
shortcoming of our method is that it is limited to models forming final hol
es with slow rotation, but our results clearly suggest a trend for larger a
ngular momenta. We find that about 1% of the mass energy of the pair will e
merge as gravitational waves during the final stages of the collision and t
hat a negligible fraction of the angular momentum will be radiated.