M&A - ON SEMICONDUCTOR CORP

Form Type: 8-K

Filing Date: 2025-03-06

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525047728

Filing Summary: On March 5, 2025, ON Semiconductor Corporation (onsemi) announced that it has delivered a proposal to Allegro MicroSystems, Inc. to acquire all of the outstanding common stock of Allegro for $35.10 per share in cash. This acquisition proposal indicates onsemi's strategic movements in the semiconductor industry. The document discusses the potential risks and uncertainties involved in the acquisition process including the need for regulatory and shareholder approvals, the possibility of difficulties in integration, unexpected transaction-related costs, and the impact on onsemi’s stock price. It emphasizes that the proposal is not an offer to sell, nor a solicitation to buy any securities, and that any definitive offers or prospectuses will be provided in accordance with regulatory requirements. The announcement also includes a caution against placing undue reliance on forward-looking statements given the various risks involved.

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