onsemi and Synaptics Announce Revised Merger Agreement

onsemi and Synaptics Announce Revised Merger Agreement

Revised Terms to Deliver Higher onsemi Shareholder Value through Immediate EPS Accretion

Onsemi cuts its Synaptics offer to 5.7 billion dollars in cash after a rival bidder showed up

Onsemi and Synaptics revised their June merger agreement on October 1, cutting the deal's value from roughly 7 billion dollars in stock to 5.7 billion dollars in cash, after Synaptics received an unnamed rival's competing bid. Shares of both companies rose on the news despite the lower price tag, and the deal is now expected to close by mid-2027 pending antitrust review.

ON Semicondcutor to Buy Synaptics for Cash, Not Stock, in Downsized Deal

ON Semiconductor said it will pay $123 a share for Synaptics, giving the deal a value of around $5.7 billion.