3dfx Interactive announced on Friday that it is one step closer to acquiring STB Systems. The Securities and Exchange Commission has declared that the company's registration statement on Form S-4 is now effective. In common speak, this gives both companies the go-ahead to ask shareholders of each company to approve the final merger and other business matters. Shareholders will gather and vote on the merger on Friday, April 30, 1999.
If the shareholders of both companies approve the merger (and from all accounts they will), 3dfx and STB will close the merger soon thereafter.