financetom
Business
financetom
/
Business
/
Allegro drawing takeover interest from ON Semiconductor, Bloomberg News reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Allegro drawing takeover interest from ON Semiconductor, Bloomberg News reports
Mar 2, 2025 7:36 AM

March 2 (Reuters) - Sensor integrated circuits provider

Allegro Microsystems ( ALGM ) is drawing takeover interest from

larger competitor ON Semiconductor, Bloomberg News

reported on Sunday citing people familiar with the matter.

Onsemi has been working with advisers in recent months to

pursue Allegro, the Bloomberg report said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
German exports fall more than expected in October
German exports fall more than expected in October
Dec 12, 2024
(Reuters) -German exports fell more than expected in October, an indication that the long-awaited recovery in external demand has been delayed. Exports fell by 2.8% compared with the previous month, data from the federal statistics office showed on Friday. The result went beyond the 2% decrease forecast in a Reuters poll. The foreign trade balance showed a surplus of 13.4...
FOCUS-Lilly's Mounjaro more popular than Wegovy in UK's private obesity drug market
FOCUS-Lilly's Mounjaro more popular than Wegovy in UK's private obesity drug market
Dec 12, 2024
* Danish drugmaker Novo first-to-market with obesity shot Wegovy * U.S. rival Eli Lilly's ( LLY ) Mounjaro led to greater weight loss in trials * Mounjaro sales outstripping Wegovy in UK, online pharmacies say * Pharmacies estimate as many as 500,000 people taking the drugs via private market in UK By Maggie Fick LONDON, Dec 13 (Reuters) - Britons...
Evonik to restructure business lines into two core segments
Evonik to restructure business lines into two core segments
Dec 12, 2024
Dec 13 (Reuters) - Germany's Evonik plans to restructure its business lines into two segments, it said on Friday. From April 1, the group will focus on its two core operating businesses: Custom Solutions and Advanced Technologies. Evonik's Custom Solutions segment includes additives for paints and coatings, as well as products for the cosmetics and pharmaceutical industries. Its Advanced Technologies...
PRESS DIGEST- Wall Street Journal - Dec 13
PRESS DIGEST- Wall Street Journal - Dec 13
Dec 12, 2024
Dec 13 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - The transition team of U.S. President-elect Donald Trump has started to explore pathways to dramatically shrink, consolidate or even eliminate the top bank watchdogs in Washington. - Chinese President Xi Jinping...
Copyright 2023-2025 - www.financetom.com All Rights Reserved