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Article: Trident Microsystems Announces Approval of Acquisition of Minority Interest.
- Article from:
- PR Newswire
- Article date:
- January 11, 2005
CopyrightCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Trident Microsystems, Inc. announced today that it has taken key steps towards the acquisition of the fully diluted 33% minority interest of Trident's Digital Television subsidiary -- Trident Technologies Inc. ("TTI"). The Board of Directors approved the acquisition of substantially all the minority interest, subject to Trident Microsystems shareholder approval. As part of the transaction, the Company announced the signing of agreements with investment related affiliates of United Microelectronics Corporation ("UMC"), collectively TTI's largest minority shareholders, as well as the board's approval of the assumption of TTI's employee stock option plan and the ...
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