06:00 AM EST, 03/03/2025 (MT Newswires) -- ON Semiconductor (ON) is working on a potential acquisition of Allegro MicroSystems ( ALGM ) , Bloomberg News reported Sunday, citing people familiar with the matter. ON Semiconductor has recently been working with advisers to pursue Allegro, the sources said, adding that other buyers could also possibly emerge. Allegro, however, has not made...

05:55 AM EST, 03/03/2025 (MT Newswires) -- (Updates with additional details of the deal in the second, third, and seventh paragraphs.) Keysight Technologies Inc ( KEYS ) said Monday that it has entered into an agreement to sell Spirent's high-speed ethernet and network security business lines to VIAVI Solutions ( VIAV ) . Under the terms of the deal, VIAVI...

05:51 AM EST, 03/03/2025 (MT Newswires) -- Philip Morris International ( PM ) is mulling the sale of its cigar business in the US as part of a shift towards smoke-free products, Bloomberg News reported Monday, citing sources familiar with the matter. The company is looking to fetch over $1 billion for the business and is working with advisers to...

Keysight Technologies Inc. ( KEYS ) shares are trading higher premarket on Monday after the company entered into a definitive agreement to sell Spirent Communications plc’s High-Speed Ethernet and Network Security business to Viavi Solutions Inc. ( VIAV ) . The transaction includes a base cash consideration of $410 million, with an additional contingent payment of $15 million at closing,...