Date: 12/03/2025

Allegro Micro calls onsemi $6.9 billion acquisition proposal inadequate

Power and discrete semiconductor leader onsemi has publicly announced in a release its intent to acquire semiconductor based sensor expert Allegro Microsystems for an approximate value of $6.9 billion buying Allegro shares at $35.10 per share in cash. onsemi initiated acquisition proposal by approached Allegro regarding a potential all-cash acquisition on September 2, 2024, via a formal letter with an initial all-cash $34.50 per share proposal, than it increase the offer to $35.10 per share on 12th Feb 2025. In its release onsemi explained strategic rational, benefit to Allegro shareholders and also its financial readiness to complete the acquisition swiftly.

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