Allegro Confirms Receipt of Unsolicited Proposal from onsemi
06 Março 2025 - 2:51AM
Allegro (NASDAQ: ALGM) ("Allegro" or the "Company") today confirmed
that it received an unsolicited proposal from onsemi to acquire
Allegro for $35.10 per share in cash on February 12, 2025. The
Allegro Board of Directors reviewed the proposal, in consultation
with its independent financial and legal advisors, and determined
that the proposal was inadequate.
Allegro does not intend to comment further on this matter unless
it determines it necessary to do so.
PJT Partners is serving as financial advisor to Allegro. Davis
Polk & Wardwell LLP is serving as legal advisor to Allegro.
About Allegro
MicrosystemsAllegro MicroSystems, Inc. is leveraging more
than three decades of expertise in magnetic sensing and power
ICs to propel automotive, clean energy and industrial automation
forward with solutions that enhance efficiency, performance and
sustainability. Allegro’s commitment to quality drives
transformation across industries, reinforcing our status as a
pioneer in "automotive-grade" technology and a partner in our
customers' success. For additional information, visit
https://www.allegromicro.com/en/.
Allegro Contact:Jalene HooverVP
of IR & Corporate CommunicationsPhone: +1 512 751
6526jhoover@allegromicro.com
Matt Sherman / Aaron PalashJoele Frank, Wilkinson Brimmer
Katcher+1 (212) 355-4449
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