ON Semiconductor Corp. (Onsemi) sent a new offer to acquire a rival company Allegro Microsystems Inc. This is reported in a press release from ON Semiconductor.
Onsemi increased its offers to $6.9 billion, including debt obligations (up to $35.10 from the previously proposed $34.50 per share).
Starting in September 2024, Onsemi is reviewing with its consultants the terms of the acquisition of Allegro, which has a market capitalization of $4.9 billion. At the same time, Onsemi's value is estimated at $19.6 billion.
Allegro's largest shareholder is Japan's Sanken Electric Co. with a 32% stake.
ON Semiconductor is an American semiconductor manufacturer headquartered in Scottsdale, Arizona. The company's products include power and signal management devices, discrete devices for the automotive industry, communications, computing, medicine, military/aerospace, and energy. The company has enterprises in Canada, the USA, Belgium, the Czech Republic, China, Japan, Vietnam, etc.
Allegro MicroSystems, Inc. is a multinational company manufacturing semiconductor devices and magnetic field sensors. The company manufactures a wide range of semiconductor components, including diodes, transistors, microchips, as well as solutions for automotive and consumer electronics, industry and telecommunications. The headquarters is located in Manchester (New Hampshire) with offices in Europe, Japan, China, South Korea, etc.
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