Date:	--/--/-- --:--:--
Event Id:	E5D4Y5HZC
Action Type:	ACQUISITION
Action Status:	CANCELLED
Acquirer Symbol:
Target Symbol:	ALGM
Updated:	--/--/-- --:--:--
Purchase Price Per Share:	35.1
Price Per Share Currency:	USD
News References:	https://www.businesswire.com/news/home/20250414555221/en/

Action Notes

onsemi today disclosed details of a proposal submitted to the Board of Directors of Allegro MicroSystems, Inc to acquire the company for $35.10 per share in cash for each share (the "Proposal") of Allegro's common stock on a fully diluted basis at an implied enterprise value of $6.9 billion. On 4/14, onsemi announced that it has terminated its efforts to acquire Allegro MicroSystems, Inc. and withdrawn its all-cash proposal to acquire Allegro for $35.10 per share.