https://finance.yahoo.com/news/allegro-drawing-takeover-interest-semiconductor-154617062.html
Sensor integrated circuits provider Allegro Microsystems is drawing takeover interest from larger competitor ON Semiconductor, Bloomberg News reported on Sunday, citing people familiar with the matter.
Onsemi has been working with advisers in recent months to pursue Allegro, the Bloomberg report said, adding that it's possible other suitors could emerge for Allegro and the company hasn't indicated whether it would be open to a potential sale.
Sensor integrated circuits provider Allegro Microsystems is drawing takeover interest from larger competitor ON Semiconductor, Bloomberg News reported on Sunday, citing people familiar with the matter.
Onsemi has been working with advisers in recent months to pursue Allegro, the Bloomberg report said, adding that it's possible other suitors could emerge for Allegro and the company hasn't indicated whether it would be open to a potential sale.