On Semiconductor Climbs 8%, Synaptics Surges 14% as $5.7B Cash Bid Replaces $7B Stock Deal
The revised all-cash deal lowers the purchase price and adds financing certainty, while onsemi says it expects immediate earnings accretion.
- On Thursday, onsemi and Synaptics Incorporated announced they amended their June 25, 2026 merger agreement following an unsolicited competing proposal received from a third party.
- Under the revised agreement, onsemi will acquire Synaptics for $123 per share in cash, totaling approximately $5.7 billion compared to the prior agreement's approximately $7 billion valuation.
- Hassane El-Khoury, onsemi President and CEO, said the revised deal is "a more financially attractive transaction" for shareholders and expects it to be immediately accretive to non-GAAP earnings per share upon closing.
- The Synaptics Board unanimously determined the amended merger serves shareholder interests; Synaptics President and CEO Rahul Patel stated the board is "singularly focused on delivering the best outcome."
- Expected to close by mid-2027, the transaction requires Synaptics shareholder approval and regulatory clearance, as onsemi integrates Synaptics' AI-Native embedded compute and multimodal sensing capabilities.
17 Articles
17 Articles
Onsemi Revises the Terms of Synaptics Deal
Chipmaker Onsemi revised the purchase terms of its acquisition of Synaptics, agreeing to pay about $5.7 billion in cash rather than roughly $7 billion in shares. Carmen Reinicke reports on "Bloomberg Open Interest." (Source: Bloomberg)
Onsemi agrees to buy Synaptics for $123/share in cash in revised deal (SYNA:NASDAQ)
JHVEPhoto Onsemi (ON) announced a new agreement to acquire Synaptics (SYNA) for $123 a share in cash, revising an all-stock deal that was disclosed in June. The amended agreement came after an unsolicited competing proposal. Shares of Synaptics jumped 13% in after-hours trading, while Source: Business Insider
The ON Semiconductor will purchase the company of software and applications of artificial intelligence Synaptics in a cash operation, instead of shares, according to a revised agreement between the two parties. Exclusive material for subscribers. To have full access, access the link of the matter and make your registration.
The Toronto Star
onsemi and Synaptics Announce Revised Merger Agreement
Revised Terms to Deliver Higher onsemi Shareholder Value through Immediate EPS Accretion
Synaptics Stock Soars 14% as Onsemi Switches to $5.7 Billion All-Cash Buyout After Rival Proposal Surfaces
Synaptics shares surged after onsemi agreed to acquire the chipmaker for about $5.7 billion in cash, replacing an earlier all-stock deal amid interest from an unnamed bidder.
Coverage Details
Bias Distribution
- 55% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
