onsemi, Synaptics Amend Merger Pact, Citing Higher Shareholder Value
onsemi and Synaptics Incorporated have revised their merger agreement, with the new terms expected to provide higher value for onsemi shareholders through immediate EPS accretion. The amended agreement follows a review of an unsolicited competing proposal.
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08:38:38 PM UTC
SquawkNews
onsemi amended its Synaptics acquisition to $123 per share in cash (~$5.7B), down from ~$7B, and expects immediate non-GAAP EPS accretion. Closing is targeted by mid-2027, subject to Synaptics shareholder and regulatory approvals.Material DetailsContext by AI AnalystThis is a mid-cycle revision of…
08:42:31 PM UTC
SquawkNews
ON SYNA onsemi and Synaptics Announce Revised Merger Agreement "Under the revised agreement, onsemi will acquire Synaptics for $123 per share in cash for an aggregate value of approximately $5.7 billion as compared to approximately $7 billion for the prior agreement. The transaction is expected to be immediately accretive to onsemi's non-GAAP earnings per share and provides value certainty for Synaptics' shareholders."
onsemi and Synaptics said an amended agreement is designed to deliver higher onsemi shareholder value through immediate EPS accretion. The revised terms follow a thorough review of an unsolicited competing proposal. SCOTTSDALE, Ariz. , Oct.
01, 2026 (GLOBE NEWSWIRE) -- onsemi NASDAQ:ON and Synaptics Incorporated NASDAQ:SYNA.