March 06, 2025--(BUSINESS WIRE)--onsemi (NASDAQ: ON) today disclosed details of a proposal submitted to the Board of Directors of Allegro MicroSystems, Inc. ("Allegro") (NASDAQ: ALGM) to acquire ...

Onsemi offered $35.10 per share for Allegro, up from a September proposal of $34.50, it said in a statement Wednesday, valuing the smaller company at an implied enterprise value of $6.9 billion ...

(Bloomberg) -- ON Semiconductor Corp. made its pursuit of Allegro Microsystems Inc. public on Wednesday, disclosing an unsolicited bid valuing the company at $6.9 billion including debt.

On Semiconductor Corp. has made an unsolicited takeover bid for Allegro MicroSystems, yet another attempt by the Scottsdale company to acquire the New Hampshire-based computer chipmaker.

Onsemi is planning a 9% cut to its workforce as it tries to maintain its pace of innovation amid a drop in demand and falling revenue. The semiconductor company is trimming jobs and reducing its ...

March 2 (Reuters) - Sensor integrated circuits provider Allegro Microsystems (ALGM.O), opens new tab is drawing takeover interest from larger competitor ON Semiconductor (ON.O), opens new tab ...

U.S.-based Allegro MicroSystems (ALGM) rejected a $6.9 billion takeover bid from its larger rival Onsemi, formerly known as ON Semiconductor (ON), calling the offer “inadequate.” Onsemi ...

Onsemi said this week that it plans to lay off about 9% of its workforce by year’s end as the Arizona-based chipmaker cuts costs in response to a sharp decline in sales. The company employs ...

All-Cash Proposal Represents Attractive and Immediate Premium of 57% to Allegro’s Unaffected Closing Share Price on February 28, 2025 onsemi (NASDAQ: ON) today disclosed details of a proposal ...