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onsemi Proposes to Acquire Allegro MicroSystems for $35.10 Per Share in Cash

1. onsemi proposes to acquire Allegro for $35.10 per share, valuing it at $6.9 billion. 2. The proposal follows six months of discussions between onsemi and Allegro.

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FAQ

Why Very Bullish?

The acquisition proposal at $35.10 suggests a premium and reflects positive sentiment. Historical examples show acquisition offers often drive share prices up to match buyout estimates.

How important is it?

The acquisition proposal directly relates to ALGM's stock value, making it significantly impactful. Market participants typically respond positively to acquisition proposals leading to volatility in stock prices.

Why Short Term?

The immediate response will be influenced by the acquisition proposal, affecting ALGM's short-term stock behavior. The latest financial metrics indicate shareholders may react quickly to the news.

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ONAMDTXN
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--onsemi (NASDAQ: ON) today disclosed details of a proposal submitted to the Board of Directors of Allegro MicroSystems, Inc. (“Allegro”) (NASDAQ: ALGM) 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. onsemi has made numerous attempts over the past six months to enter into constructive discussions regarding a potential transacti.

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