Onsemi terminated its all-cash offer to buy Allegro MicroSystems for US$35.10 per share, saying despite a belief the combination would benefit both companies, it “has determined there is no actionable path forward” given the reluctance of Allegro’s board to explore the proposal. $ON Semiconductor(ON.US) $Allegro Microsystems(ALGM.US) #semiconductors
Source: Dan Nystedt
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.