O’Melveny Worldwide

Global Legal Chronicle: Allegro MicroSystems US$420 Million Acquisition of Crocus Technology

August 21, 2023

O’Melveny advised Crocus, a leader in advanced Tunnel Magnetoresistance (“TMR”) sensor technology, in its US$420 million acquisition by Allegro MicroSystems. The transaction was announced on August 8 and is expected to close by the end of 2023, subject to customary regulatory approvals and closing conditions. The O’Melveny team was led by partner Brad Finkelstein, counsel Tim Hagen and Rayna Sparkes, and associate Christina X. Meng. The team also included partners Courtney Dyer and Robert Fisher, special counsel Scott W. Pink, senior counsel Warren Fox, counsel Courtney C. Byrd, Tom Oslovar, Ramon Ramirez, and AJ Talt, and associates Matthew P. Cook and Tara McMillen.

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