Flexible Electronics News

onsemi Proposes to Acquire Allegro MicroSystems

All-cash proposal represents immediate premium of 57% to Allegro’s unaffected closing share price on Feb. 28, 2025.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

onsemi 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 for each share Allegro’s common stock on a fully diluted basis at an implied enterprise value of $6.9 billion. onsemi has made numerous attempts over the past six months to enter into constructive discussions regarding a potential transaction. The most recent proposal was submitted to Allegro on Feb. 12, 2025, and represents an increase o...

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