Pretish M J

1 month ago | theprint.in | Pretish M J |Mrinmay Dey

New Hampshire-based Allegro confirmed that its board received the proposal in February and decided to reject it after a review. Allegro said it would not make further comment on this matter. Onsemi did not respond to a Reuters request for comment on the rejection. Allegro provides power management systems used in EVs and traditional vehicles, as well as chips essential for systems that assist vehicles brake and steer.

1 month ago | streetinsider.com | Pretish M J |Mrinmay Dey

1. CRWD2. SPY3. TGT4. ROST5. BBY6. FLUT7. PLUG8. CPB9. AAPL10. AZO Tweet Share E-mail0 sharesBy Pretish M J and Mrinmay Dey (Reuters) -Semiconductor solutions provider Allegro MicroSystems on Thursday rebuffed a $6.9 billion takeover approach from Onsemi, saying the offer was "inadequate" as it refused yet another approach from the larger rival.