Allegro microsystems, inc. enters its next phase as a public company with repurchase of 39 million shares held by sanken electric

Manchester, n.h., july 29, 2024 (globe newswire) -- allegro microsystems, inc. (nasdaq: algm) (“allegro”), a global leader in power and sensing solutions for motion control and energy-efficient systems, announced today that it has completed the closing of the first of two repurchases for a total of 39 million shares of common stock from allegro's largest shareholder, sanken electric co., ltd. (“sanken”), all of which will be retired.
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