NASDAQ:ONNN

ON Semiconductor Corporation (onsemi) (NASDAQ: ON) has confirmed that it has submitted a proposal to acquire Allegro MicroSystems, Inc. for $35.10 per share in cash. The acquisition would enhance onsemi’s position in the semiconductor industry by expanding its market share and capabilities.

The deal, if accepted, would be subject to regulatory approvals and other closing conditions. Onsemi has acknowledged potential risks, including integration challenges, unforeseen costs, regulatory scrutiny, and market volatility. Despite these risks, the company expects the acquisition to drive revenue synergies and operational efficiencies.

Onsemi has stated that it may file necessary regulatory documents with the SEC, including a potential tender offer or prospectus. Investors and shareholders are advised to monitor SEC filings for updates.

The company emphasizes that this announcement does not constitute a final offer or solicitation and urges stakeholders to review official filings when available.
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Author
WS Investor 03-06-25