ON Semiconductor Withdraws $6.9 Billion Bid to Acquire Allegro
ON Semiconductor Corp. scrapped efforts to acquire Allegro MicroSystems Inc., withdrawing a bid of $35.10 a share.
ON Semiconductor, which does business as Onsemi, determined that there was “no actionable path forward” toward a deal, according to a statement on Monday. Allegro slid about 12% to $19.40 in late trading in the wake of the announcement.
Onsemi disclosed its offer last month, saying it made a bid valuing the company at $6.9 billion including debt. The latest bid was up from a September proposal of $34.50.
The company is “committed to taking a disciplined approach to capital allocation and maximizing long-term stockholder value,” Onsemi Chief Executive Officer Hassane El-Khoury said in the statement.
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
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10