Leading innovator in power and sensor technologies, Allegro MicroSystems, Inc. (NASDAQ:ALGM), has successfully concluded a significant share repurchase transaction with its majority stakeholder, Sanken Electric Co. This strategic move follows the company’s recent public offering, which saw the sale of 25 million shares. As stated by Allegro MicroSystems, this initiative is aimed at optimizing its capital structure and reinforcing its commitment to driving long-term growth.
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