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The Deal: One Equity’s Allegro MicroSystems Buys Crocus

August 9, 2023

Allegro MicroSystems Inc. (ALGM), a power and sensing semiconductor company, announced its acquisition of Crocus Technology Inc., a provider of TMR sensor technology products to the industrial, automotive, and consumer electronics sectors, for US$420 million in cash. Crocus was advised by an O’Melveny & Myers LLP team led by partner Brad Finkelstein, counsel Tim Hagen and Rayna Sparkes, and associate Christina Meng.

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