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onsemi disclosed a proposal to acquire Allegro MicroSystems for $35.10 per share in cash, implying an enterprise value of $6.9 billion. The proposal was submitted to Allegro's board on February 12, 2025.
“We believe the combination of onsemi and Allegro would bring two highly complementary businesses together, benefitting our respective customers and delivering immediate value to Allegro shareholders.”sec.gov
Summarized from public sources; check the original articles before acting on it.