Article: Trident Microsystems Announces Approval of Acquisition of Minority Interest.

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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