Onsemi abandons US$3.9 billion bid for Allegro MicroSystems

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Onsemi abandons US$3.9 billion bid for Allegro MicroSystems

Medical Supplies

April 15, 2025

By AdminPrabadin - 1 week ago

0 10 Less than a minute

On April 14, 2025, Onsemi announced the termination of its pursuit to acquire Allegro MicroSystems. The company has officially withdrawn its all-cash proposal, valued at US$35.10 per share, citing a lack of engagement from Allegro’s Board of Directors.