Reported about 9 hours ago
ON Semiconductor Corp. has publicly revealed its unsolicited bid of $6.9 billion to acquire Allegro Microsystems Inc. The offer is $35.10 per share, reflecting an increase from a previous proposal. This strategic move aims to put pressure on Allegro's shareholders and is reminiscent of past high-profile acquisition attempts in the semiconductor industry. Allegro, with a market value of approximately $4.9 billion, specializes in advanced semiconductors for automotive and energy-efficient applications.
Source: YAHOO