đź’¨ Abstract

Allegro MicroSystems, a semiconductor solutions provider, has rejected a $6.9 billion takeover proposal from Onsemi, citing the offer as inadequate. Onsemi, a larger rival, made the offer at $35.10 per share, aiming to bolster its position in the automotive chip market amid a slump in demand.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖

Powered by MessengerX.io