onsemi Withdraws Proposal to Acquire Allegro MicroSystems
ON Semiconductor Corporation (ON)
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Source: Business Wire
onsemi intends to continue to allocate capital towards authorized share repurchase SCOTTSDALE, Ariz.--(BUSINESS WIRE)--onsemi (NASDAQ: ON) today announced that it has terminated its efforts to acquire Allegro MicroSystems, Inc. (“Allegro”) (NASDAQ: ALGM) and withdrawn its all-cash proposal to acquire Allegro for $35.10 per share.While onsemi continues to believe that a combination of these companies would have brought two highly complementary businesses together, benefiting their respective customers and delivering immediate value to Allegro shareholders, onsemi has determined there is no actionable path forward.onsemi will focus on other existing opportunities to enhance stockholder value. In connection with today’s announcement, onsemi intends to continue to allocate capital towards the Company’s existing share repurchase program.“onsemi is committed to taking a disciplined approach to capital allocation and maximizing long-term stockholder value,” said Hassane El-Khoury, preside
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News
- ON Semiconductor (NASDAQ:ON) had its price target raised by analysts at Truist Financial Corporation from $51.00 to $57.00. They now have a "hold" rating on the stock.MarketBeat
- onsemi to Develop Next-Generation GaN Power Devices with GlobalFoundriesGlobeNewswire
- ON Semiconductor (NASDAQ:ON) had its "neutral" rating reaffirmed by analysts at Cantor Fitzgerald.MarketBeat
- onsemi and FORVIA HELLA Extend Strategic Collaboration with Next-Generation Power TechnologyGlobeNewswire
- ON Semiconductor (NASDAQ:ON) had its "hold (c-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
ON
Earnings
- 11/3/25 - Beat
ON
Sec Filings
- 12/19/25 - Form 4
- 12/8/25 - Form 4
- 12/4/25 - Form 4
- ON's page on the SEC website