onsemi cuts Synaptics offer to USD 123 per share in revised merger agreement

Bitget2026/10/01 20:34

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onsemi agreed revised terms to buy Synaptics for USD 123 per share in cash, valuing the deal at about USD 5.7 billion.
Price cut from the prior agreement’s roughly USD 7 billion value, following a review of an unsolicited competing proposal.
Transaction now expected to be immediately accretive to onsemi’s non-GAAP EPS at closing.
Financing planned from cash on hand, backed by fully committed debt financing from Morgan Stanley.
Closing targeted by mid-2027, pending Synaptics shareholder approval and remaining regulatory clearances.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ON Semiconductor Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610011634PRIMZONEFULLFEED9838262) on October 01, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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onsemi cuts Synaptics offer to USD 123 per share in revised merger agreement

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