安森美拟以每股35.10美元现金收购Allegro MicroSystems

 全现金提案较 Allegro 在 2025 年 2 月 28 日的收盘价溢价 57%，极具吸引力且即时性

 2025年3月6日 – 安森美（onsemi，美国纳斯达克股票代号：ON）于美国时间3月5日披露了向Allegro MicroSystems, Inc. (以下简称"Allegro") （美国纳斯达克股票代号：ALGM）董事会提交的收购提案的详情，以每股35.10美元的现金收购Allegro的所有已发行普通股，按完全稀释后的股本计算，对应的隐含企业价值为69亿美元。

在过去六个月中，安森美多次尝试就潜在交易展开建设性讨论。最新的提案于2025年2月12日提交给Allegro，相比2024年9月2日提交的最初每股34.50美元的提案有所增加。

我们相信，Allegro加入安森美将使双方高度互补的业务融合，让我们各自的客户受益，并为Allegro的股东带来即时价值。”安森美总裁兼首席执行官Hassane El-Khoury表示“Allegro团队在汽车和工业终端市场的磁传感和功率IC领域建立了令人瞩目的领导地位。Allegro独特的产品组合与安森美差异化的智能电源和感知技术相结合，将共同打造汽车、工业及AI数据中心应用领域的多元化领导者。”

El-Khoury 补充道：“虽然我们更希望与 Allegro 私下达成协议，但我们决定公开提案，因为我们相信两家公司的结合将为双方带来诸多优势，这符合 Allegro 和 安森美股东的最佳利益。我们敦促 Allegro 董事会和管理团队与安森美管理团队就拟议的交易进行诚挚的讨论，以便为 Allegro 股东带来最大化的价值。”

鉴于双方在汽车和工业市场各自的优势，安森美与Allegro的合并将在战略上形成天然的契合：

• 令人信服的战略合理性，为客户和员工带来益处：Allegro的产品组合补足了安森美的智能电源与感知阵容，巩固了安森美在汽车、工业及AI数据中心应用的领先地位。合并将汇聚两支强大的团队，共享创新文化，并在扩大的组织内获得令人振奋的新发展机会。
• 为Allegro股东带来即时和确定的价值：根据提案条款，安森美提出的每股 35.10 美元的全现金收购要约，与 2025 年 2 月 28 日（即有媒体报道安森美有意收购Allegro之前的最后一个交易日） Allegro 的收盘价相比溢价 57%。
• 明确的完成路径和融资计划： 安森美已经组建了一支经验丰富的顾问团队，准备迅速高效地完成尽职调查，并协商达成双方同意的最终协议。公司预计不会出现任何融资方面的意外情况，并打算利用已承诺的融资、手头现金和现有循环信贷额度下的可用资金为这一潜在交易提供资金。

接洽历史

安森美于2024年9月2日首次通过正式信函向Allegro提出全现金收购的潜在可能性，初始报价为每股34.50美元。随后，在2024年12月10日，安森美又发出了一封后续信函，重申了其交易意愿，并寻求进行尽职调查的途径。之后，安森美又尝试进行了建设性的接触，最近一次是在2025年2月12日提交了一封信函，将全现金报价提高至每股35.10美元，同时还强调了公司为与 Allegro 公司进行有意义的接洽所做的诸多努力。

自2024年9月2日以来，安森美的要求始终如一：希望通过严谨的管理层间对话，以及进行必要的尽职调查和监管要求的范围界定，来推动达成这一对股东而言极具价值的结果，以便迅速推进交易的最终完成。

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Forward-Looking Statements

This document contains statements that constitute “forward-looking statements” within the meaning of the federal securities laws. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding onsemi’s current expectations, estimates, and projections about its industry, its business, or the proposed transaction with Allegro MicroSystems, Inc. (“Allegro”). We caution investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in, or implied by, such forward-looking statements. Investors are cautioned not to place undue reliance on forward-looking statements.

Among the risks and uncertainties that could cause actual results or events to differ materially from those indicated by such forward-looking statements are the following: (1) the risk that the proposed transaction may not be consummated or may not be consummated in the expected timeframe, including the possibility that the parties may not reach a definitive agreement or satisfy closing conditions (such as regulatory or shareholder approvals); (2) the risk that the transaction could be less accretive than expected, or even dilutive, to onsemi’s earnings per share, and that anticipated cost synergies, revenue enhancements, or other expected benefits may not be fully realized or may take longer to materialize than anticipated; (3) the possibility that onsemi will incur significant transaction-related and other costs in connection with the proposed transaction, which may exceed current estimates, including unforeseen expenses or liabilities; (4) the risk that onsemi may fail to realize the expected benefits from the proposed transaction, including difficulties or delays in integrating the acquired business or operations that could result in additional costs, liabilities, or disruptions to current operations; (5) the risk that any announcements relating to, or the completion of, the proposed transaction could have adverse effects on the market price of onsemi’s stock, whether due to the transaction itself or general market volatility; (6) the risk of unforeseen liabilities or future capital expenditures arising out of the transaction; (7) adverse changes in global or regional economic, financial, political, or regulatory conditions—including geopolitical tensions, public health crises, or supply chain disruptions—that may negatively impact onsemi’s or Allegro’s operations; (8) challenges related to the execution of onsemi’s business strategy, including risks associated with research and development, product demand, and competitive pressures; (9) the risk that key personnel may depart or that onsemi may encounter difficulties in recruiting critical employees; (10) the possibility that any governmental or regulatory entity may delay, restrict, or impose adverse conditions on the proposed transaction; (11) the potential for litigation, regulatory investigations, or other legal proceedings that could incur significant costs, liabilities, or delays; and (12) other risks and uncertainties detailed in onsemi’s filings with the Securities and Exchange Commission (the “SEC”), including in Part I, Item 1A, “Risk Factors,” of onsemi’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 (filed with the SEC on February 10, 2025), and any subsequently filed Quarterly Reports on Form 10-Q or Current Reports on Form 8-K, and in other documents that onsemi may file from time to time with the SEC. Should one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may differ materially from those expressed or implied by these forward-looking statements. onsemi undertakes no obligation to update or revise any forward-looking statements, except as required by law, and readers are cautioned not to place undue reliance on them, which speak only as of the date of this document.

Important Information for Investors and Security Holders

This document relates to a proposal by onsemi for a transaction to acquire Allegro. In furtherance of this proposal, and subject to future developments, onsemi may file one or more registration statements, tender offer statements, prospectuses, or other documents with the SEC. This document is not a substitute for any prospectus, tender offer statement, or other document that onsemi may file with the SEC in connection with the proposed transaction. Investors and security holders are urged to read the tender offer statement(s), registration statement(s), prospectus(es), and any other document(s) filed with the SEC carefully and in their entirety if and when they become available, because they will contain important information about the proposed transaction. Any definitive tender offer statement(s) or prospectus(es) (if and when available) will be mailed to stockholders of Allegro, as applicable. Investors and security holders will be able to obtain free copies of these documents (if and when available), and other documents filed with the SEC by onsemi, through the SEC’s website (http://www.sec.gov).

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