Trident Microsystems Buys Some of Micronas Products
Trident Microsystems, a leader in high-performance semiconductor system solutions for the multimedia and digital television markets, announced that it has entered into a definitive agreement with Micronas Semiconductor Holding AG to acquire selected assets of the frame rate converter, demodulator and audio product lines of Micronas' Consumer Division. The consideration payable to Micronas will consist of 7.0 million shares of Trident common stock and warrants to acquire up to 3.0 million additional Trident shares.