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Sharky Extreme : News From Inside The Industry November 9, 2007


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    By Vangie Beal :  May 13, 2002

    (Press Release) 3Dlabs Inc., Ltd. has announced that its shareholders approved the acquisition of the Company by Creative Technology Ltd. by over 99% of those shareholders entitled to vote who cast their votes at meetings held 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. In the combination transaction, Creative will acquire all of 3Dlabs' outstanding shares and 3Dlabs will thereby become a wholly-owned subsidiary of Creative. Each 3Dlabs shareholder will receive consideration per share equal to a cash payment of U.S. $1.20 plus stock equal to 0.205 of an ordinary share of Creative. The transaction is generally expected to be taxable to U.S. shareholders of 3Dlabs. Completion of the combination remains conditional on customary closing conditions. The closing of the transaction is expected to occur this week.


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