Allegro MicroSystems Shares Climb on Reported Takeover Interest

Dow Jones
03-03
 

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.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10