By Dean Seal
--ON Semiconductor has expressed interest in taking over its smaller competitor Allegro Microsystems, according to a report from Bloomberg that cites unnamed sources.
--The Phoenix, Ariz., company, which does business as Onsemi, has been working with advisers in recent months to pursue Allegro, the report said.
--Other suitors may emerge for Allegro, which hasn't indicated if it would be open to a potential sale, according to the report.
--A representative for Onsemi declined Bloomberg's request to comment, while a representative for Allegro didn't immediately respond to a request for comment.
Full story: https://www.bloomberg.com/news/articles/2025-03-02/allegro-is-said-to-draw-takeover-interest-from-on-semiconductor
(END) Dow Jones Newswires
March 03, 2025 07:22 ET (12:22 GMT)
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