From GlobeNewswire: 2025-04-15 21:35:00

Allegro MicroSystems, Inc. issues a statement regarding Onsemi’s withdrawal of its proposal to acquire Allegro. The Board of Directors reviewed and found Onsemi’s proposals inadequate. Despite engagement, Onsemi declined to offer greater value for stockholders. Allegro remains committed to innovation in electrification and autonomy. PJT Partners and Davis Polk & Wardwell LLP serve as financial and legal advisors. Allegro Microsystems leverages expertise in magnetic sensing and power ICs for automotive, clean energy, and industrial automation solutions. For more information, visit Allegro’s website. Contact VP of IR & Corporate Communications, Jalene Hoover, for inquiries. Joele Frank, Wilkinson Brimmer Katcher serves as Allegro’s PR firm.



Read more at GlobeNewswire: Allegro Issues Statement