Onsemi has proposed a cash acquisition of Allegro MicroSystems for $35.10 per share, representing a 57% premium and an implied enterprise value of $6.9 billion.
Information on the Target
On March 5, 2025, Onsemi (NASDAQ: ON) announced a proposal to acquire Allegro MicroSystems, Inc. (NASDAQ: ALGM) for $35.10 per share in cash, representing a striking premium of 57% based on Allegro's closing price on February 28, 2025. This ultimately translates to a total enterprise value of approximately $6.9 billion for Allegro.
The acquisition aims to enhance Onsemi’s market position by leveraging Allegro's strong presence in the automotive and industrial sectors, particularly in magnetic sensing and power integrated circuits (ICs). Onsemi's President and CEO, Hassane El-Khoury, highlighted the complementary business strengths between the two companies, which will benefit their mutual customer bases while delivering immediate value to Allegro's shareholders.
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Industry Overview in the Target’s Specific Country
The semiconductor industry in the United States is experiencing rapid growth due to increased demand for advanced technology in various sectors, including automotive, consumer electronics, and industrial
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onsemi
invested in
Allegro MicroSystems, Inc.
in 2025
in a Buyout deal
Disclosed details
Transaction Size: $6,910M
Enterprise Value: $6,900M
Equity Value: $6,910M