Onsemi Discloses Allegro Takeover Offer at $6.9 Billion Value
ON Semiconductor Corp. raised its bid for Allegro Microsystems Inc. by about 2%, seeking to close the acquisition at an ...
Allegro Confirms Receipt of Unsolicited Proposal from onsemi
Allegro (NASDAQ: ALGM) ("Allegro" or the "Company") today confirmed that it received an unsolicited proposal from onsemi to acquire Allegro for $35.10 per share in cash on February 12, 2025. The ...
A hostile $7 bln chip deal leans on electric faith
The present looks grim for automotive chipmaker Onsemi . A $6.9 billion hostile offer for rival Allegro MicroSystems could compound the near-term pain. Even with cost cuts, returns promise to be ...
M&A News: Allegro ($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 ...
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 ...