Onsemi revises Synaptics deal to $123/sh all-cash, shares of both soar
Onsemi and Synaptics Incorporated have revised their merger agreement from an all-stock deal to an all-cash transaction, with Onsemi acquiring Synaptics for $123 per share. The revised deal is valued at approximately $5.7 billion, down from the original $7 billion estimate under the all-stock agreement. Shares of ON rose over 5.7% in after-hours trading, while SYNA gained 12.4%.
The transaction is projected to boost Onsemi's non-GAAP earnings per share. The modified agreement eliminates the need for a closing condition related to Onsemi's financing, with the transaction expected to close by mid-2027.
Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
