By Dean Seal
Shares of Allegro MicroSystems jumped after Bloomberg reported that the company is being pursued for a takeover by On Semiconductor.
The stock was up 13% at $25.22 in premarket trading on Monday. Shares were trading at $32.48 this time a year ago.
The report, citing unnamed sources, said on Sunday that ON Semiconductor had engaged advisers to pursue a takeover of Allegro, its smaller competitor.
The semiconductor-technology company could see additional suitors emerge, according to the report. Allegro hasn't indicated whether it would be open to a potential sale, Bloomberg said.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
March 03, 2025 07:22 ET (12:22 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。