3dfx and STB Complete Merger

3dfx and STB Complete Merger is the latest item crossing the POCG news desk. The merger of 3dfx Interactive and STB Systems has been consummated.

Under the terms of the merger first announced Dec. 14, 1998, shareholders of STB Systems will receive 0.65 of a share of 3dfx Interactive common stock for each share of STB Systems common stock. Based on the number of shares of STB Systems common stock outstanding, 3dfx Interactive expects to issue approximately 8,270,000 shares of 3dfx Interactive common stock in connection with the acquisition of STB Systems, representing approximately 34 percent of the outstanding shares of 3dfx Interactive common stock after giving effect to such issuance.