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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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
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