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Creative/3DLabs Merger Approved
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- Posted 10:13 AM By Anthos
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3DLabs shareholders approved the proposed acquisition of the company by Creative Technology (makers of the SoundBlaster & 3D Blaster line of multimedia PC products) in a vote that took place on May 9, 2002 in Bermuda. The Company also announced that the Supreme Court of Bermuda had granted a final order approving the scheme of arrangement by which 3Dlabs will be acquired by Creative. Creative will acquire all of 3Dlabs' outstanding shares and 3Dlabs will become a wholly owned subsidiary of Creative. 3Dlabs shareholders will receive U.S. $1.20 per share, plus stock equal to 0.205 of an ordinary share of Creative. This whole shooting match should be completed by the end of the week, according to both companies.
Source: GameSpyDaily
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