On Semi (ON) is up 6% to $37.68 on the news.
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Read More on ALGM:
- On Semi withdraws proposal to acquire Allegro MicroSystems
- On Semi working with Morgan Stanley on pursuit of Allegro, Bloomberg says
- Allegro MicroSystems price target raised to $31 from $28 at Mizuho
- Allegro MicroSystems Announces Leadership Transition
- Allegro MicroSystems appoints Rick Madormo as SVP, worldwide sales
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