Onsemi shelves $6.9 billion offer to buy Allegro MicroSystems
1. Onsemi withdraws $6.9 billion offer for Allegro MicroSystems. 2. Allegro rebuffed the latest bid, indicating strong market position.
FAQ
Why Bullish?
The withdrawal of Onsemi’s bid suggests Allegro’s strength in negotiating. Similar cases, like AMD's acquisitions, show how such rejections can enhance stock value.
How important is it?
The news directly influences Allegro’s perceived valuation amidst M&A activity, indicating stability.
Why Short Term?
In the short-term, reduced acquisition pressure may positively affect Allegro's stock. However, market conditions could change, impacting long-term valuations.