# onsemi proposes to acquire Allegro MicroSystems for $6.9 billion

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.

- Type: Acquisition
- Announced: 2025-02-12
- Where: United States
- Value: $6.90B
- Status: announced
- Products: magnetic sensors, power ICs
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [onsemi](https://endata.com/companies/15223.md) (acquirer)
- [Allegro MicroSystems](https://endata.com/companies/28898.md) (target)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/1097864/000119312525047728/d891589dex991.htm), 2025-02-28: "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."
- [nasdaq.com](https://www.nasdaq.com/press-release/allegro-confirms-receipt-unsolicited-proposal-onsemi-2025-03-06), 2025-03-06: "The Allegro Board of Directors reviewed the proposal, in consultation with its independent financial and legal advisors, and determined that the proposal was inadequate."
- [businesswire.com](https://www.businesswire.com/news/home/20250305708032/en/onsemi-Proposes-to-Acquire-Allegro-MicroSystems-for-%2435.10-Per-Share-in-Cash), 2025-03-06: "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."
- [business.woonsocketcall.com](https://business.woonsocketcall.com/observerreporter/article/bizwire-2025-3-6-onsemi-proposes-to-acquire-allegro-microsystems-for-3510-per-share-in-cash), 2025-03-06: "onsemi today disclosed details of a proposal submitted to the Board of Directors of Allegro MicroSystems, Inc. to acquire the company for $35.10 per share in cash."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.