Allegro Confirms Receipt of Unsolicited Proposal from onsemi
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Allegro has received an unsolicited acquisition proposal from onsemi, offering $35.10 per share in cash. Allegro's Board has reviewed and deemed the proposal inadequate.
March 06, 2025 | 6:00 am
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NEUTRAL IMPACT
onsemi made an unsolicited proposal to acquire Allegro for $35.10 per share, which was rejected as inadequate.
onsemi's proposal was rejected, which may not immediately impact its stock price unless further actions are taken.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Allegro received an unsolicited acquisition proposal from onsemi at $35.10 per share, which the Board found inadequate.
The proposal indicates interest in Allegro, which could lead to further negotiations or a higher offer, potentially increasing the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100