Allegro drawing takeover interest from ON Semiconductor

Allegro Said to Draw Takeover Interest From ON Semiconductor
Allegro Microsystems Inc. is drawing takeover interest from larger competitor ON Semiconductor Corp., according to people familiar with the matter. Allegro rose as much as 22%, its biggest gain since 2020.
Allegro Stock Leaps on Report ON Semi Could Seek to Buy It
Allegro stock gained 21% to $26.90 in morning trading, on track for its largest daily percentage increase on record, according to Dow Jones Market Data. ON Semi has been working w
M&A News: Allegro ($ALGM) Reportedly Sees Takeover Interest from Larger Rival On Semiconductor
Allegro Microsystems (ALGM), a manufacturer of sensor and power integrated circuits (ICs), is seeing takeover interest from larger rival On
ON Semiconductor reportedly mulling Allegro takeover bid
ON Semiconductor is exploring a potential acquisition of Allegro MicroSystems, it emerged on Monday, as the chip sector looked to consolidate amid an uncertain demand outlook.
Allegro drawing takeover interest from ON Semiconductor: Report
Onsemi has been working with advisers in recent months to pursue Allegro, the Bloomberg report said, adding that it's possible other suitors could emerge for Allegro and the company hasn't indicated whether it would be open to a potential sale.
Allegro draws takeover interest from ON Semiconductor, Bloomberg says
Allegro MicroSystems (ALGM) is drawing takeover interest from ON Semiconductor (ON), Liana Baker, Gillian Tan, and Ryan Gould of Bloomberg
Allegro MicroSystems Shares Climb on Reported Takeover Interest
Shares of Allegro MicroSystems jumped after Bloomberg reported that the company is being pursued for a takeover by On Semiconductor. The stock was up 13% at $25.22 in premarket trading on Monday. Shares were trading at $32.48 this time a year ago.
Allegro drawing takeover interest from ON Semiconductor, Bloomberg News reports
(Reuters) -Sensor integrated circuits provider Allegro Microsystems is drawing takeover interest from larger competitor ON Semiconductor, Bloomberg News reported on Sunday, citing people familiar with the matter.
ON Semiconductor Moves To Acquire Allegro, Sparking Investor Interest
Allegro Microsystems (ALGM) stock gained due to interest from ON Semiconductor. ON looking to acquire Allegro for automotive ...
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ON Semiconductor Eyes Allegro Microsystems Acquisition to Expand Automotive Chip Business
ON Semiconductor Corporation (NASDAQ:ON) is reportedly exploring the acquisition of Allegro Microsystems Inc. (NASDAQ:ALGM) ...
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Allegro MicroSystems (ALGM) Stock Trades Up, Here Is Why
Shares of chip designer Allegro MicroSystems (NASDAQ:ALGM) jumped 22.3% in the morning session after Bloomberg reported the ...
AbbVie, Reddit, Allegro MicroSystems: Market Minute
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Allegro MicroSystems stock surges on takeover speculation
The stock movement reflects market optimism following a Bloomberg report over the weekend, which suggested that ON Semiconductor is working with advisors on a potential deal. Additionally, the ...