Onsemi shelves offer to buy Allegro MicroSystems

Reuters

2025/04/15

April 14 (Reuters) - U.S. chipmaker Onsemi ON.O said on Monday it is withdrawing its $35.10 per share offer for semiconductor solutions provider Allegro MicroSystems ALGM.O.

(Reporting by Utkarsh Shetti in Bengaluru; Editing by Devika Syamnath)

((UtkarshUmesh.Shetti@thomsonreuters.com;))

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