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Allegro Confirms Receipt of Unsolicited Proposal from onsemi

GlobeNewswire LogoGlobeNewswire13h ago

Allegro Confirms Receipt of Unsolicited Proposal from onsemi - GlobeNewswire

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Allegro’s commitment to quality drives transformation across industries, reinforcing our status as a pioneer in "automotive-grade" technology and a partner in our customers' success. For additional information, visit Allegro Contact:Jalene HooverVP of IR & Corporate CommunicationsPhone: +1 512 751 6526jhoover@allegromicro.

MANCHESTER, N.H., March 06, 2025 (GLOBE NEWSWIRE) -- 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.

About Allegro MicrosystemsAllegro MicroSystems, Inc.is leveraging more than three decades of expertise in magnetic sensing and power ICs to propel automotive, clean energy and industrial automation forward with solutions that enhance efficiency, performance and sustainability.

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Article Details

Author / Journalist: Allegro MicroSystems, Inc.

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-06 @ 05:51:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 163 words

Reading Time: 1 minutes read

Sentences: 8 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 26690608

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About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 39 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 8 hours ago

Coverage Areas: China

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #116

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