welcome
Reuters

Reuters

Business

Business & Economics

Onsemi shelves $6.9 billion offer to buy Allegro MicroSystems

Reuters
Summary
Nutrition label

77% Informative

U.S. chipmaker Onsemi scrapped its $6.9 billion offer for smaller rival Allegro MicroSystems on Monday .

The chipmaker sought to capitalize on a market downturn to boost its footprint in the automotive industry.

Allegro had said in March that a sweetened $ 35.10 per share offer was "inadequate" Its shares fell 12.5% in extended trading on Monday to $ 19.25 .

VR Score

88

Informative language

96

Neutral language

18

Article tone

formal

Language

English

Language complexity

56

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links

Small business owner?

Otherweb launches Autoblogger—a revolutionary way to bring more leads to any small business, using the power of AI.