(Reuters) -U.S. chipmaker Onsemi is making another attempt to acquire Allegro MicroSystems for cash, after being rebuffed repeatedly over the past six months.
Onsemi has offered to pay $35.10 for each share held by Allegro’s shareholders, it said on Wednesday. This is 1.73% higher than its previous offer that was made in 2024.
The deal would value Allegro MicroSystems at $6.46 billion, as per a Reuters calculation.
(Reporting by Pretish M J in Bengaluru; Editing by Mrigank Dhaniwala)
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