3dfx Interactive Inc.
has announced plans to hold a shareholder meeting on March 27 to vote on the proposed dissolution of the company and sale of assets to
In a prepared statement, 3dfx said the Securities and Exchange Commission (SEC) had declared Nvidia’s prospectus/proxy statement effective and said the antitrust waiting period had expired. The acquisition is expected to be completed in the first quarter of fiscal 2002.
reported in December by MacCentral, Nvidia agreed to acquire 3dfx’s graphics business for US$107 million in cash and stock. Nvidia will pay $70 million in cash and 1 million common shares. Nvidia’s said it would also buy all other assets related to 3dfx’s business.
The buyout came only after 3dfx said it would file for bankruptcy protection if a sale was not completed.