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Onsemi proposes to buy Allegro Microsystems for $6.46 billion, but Allegro deems the offer inadequate.
Onsemi has proposed to acquire Allegro Microsystems for $35.10 per share in cash, valuing the company at about $6.46 billion.
Allegro, which specializes in chips for automotive and industrial applications, has deemed the offer inadequate after consulting with independent advisors.
This is Onsemi's latest attempt to acquire Allegro, offering a 31% premium over Allegro's last closing price.
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Onsemi propone comprar Allegro Microsystems por $6.46 mil millones, pero Allegro considera que la oferta es inadecuada.