STB Approves Merger with 3dfx

STB Approves Merger with 3dfx is the latest item crossing the POCG news desk. Its shareholders approved the merger of STB Systems into a wholly-owned subsidiary of 3dfx Interactive.

The STB shareholders meeting was previously adjourned on Friday, April 30, 1999 for the purpose of soliciting additional votes for approval of the merger. Approximately 99 percent of the shares that were voted at the STB shareholders meeting voted in favor of the merger. Under the terms of the merger, which was first announced on Dec. 14, 1998, the shareholders of STB Systems will receive 0.65 of a share of 3dfx Interactive common stock for each share of STB Systems common stock.