Allegro MicroSystems commences secondary offering of common stock

• Allegro MicroSystems (NASDAQ:ALGM) has launched a secondary public offering of 7M common shares to be sold by by OEP SKNA, L.P., an affiliate of One Equity Partners.

• Underwriters' overallotment is an additional 1.05M shares by selling stockholders.
• The company will not receive any proceeds from such offering.
• See company's ownership structure:
• Barclays is acting as the sole underwriter for the proposed offering.
• Shares are down 1.14% PM.