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Onsemi attempts to buy Allegro MicroSystems again for $6.46 billion
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Onsemi attempts to buy Allegro MicroSystems again for $6.46 billion
Mar 5, 2025 8:13 PM

March 5 (Reuters) - U.S. chipmaker Onsemi is

making another attempt to acquire Allegro MicroSystems ( ALGM )

for cash, after being rebuffed repeatedly over the past six

months.

Onsemi has offered to pay $35.10 for each share held by

Allegro's shareholders, it said on Wednesday. This is 1.73%

higher than its previous offer that was made in 2024.

The deal would value Allegro MicroSystems ( ALGM ) at $6.46 billion,

as per a Reuters calculation.

(Reporting by Pretish M J in Bengaluru; Editing by Mrigank

Dhaniwala)

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