secwatch.observer — SEC 8-K summary
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Issuer:     ALLEGRO MICROSYSTEMS, INC. (ALGM)
CIK:        0000866291
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0000950103-23-011726
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Allegro MicroSystems to acquire Crocus Technology for $420M cash to boost TMR sensing
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- Purchase price: $420 million in cash; funded from existing cash and new debt issuance.
- Crocus is a leader in Tunnel Magnetoresistance (TMR) sensor technology with over 200 patents.
- TMR sensor market expected to approach $1B by 2030, growing at ~30% CAGR in auto and industrial.
- Transaction expected to close by end of calendar year 2023 subject to customary regulatory approvals.
- Allegro stockholders' approval not required; boards of both companies have approved.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/866291/000095010323011726/0000950103-23-011726-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/866291/000095010323011726/dp197539_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-23-011726

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer