Onsemi to Acquire Synaptics for $123 per Share in Cash
Onsemi (ON) has agreed to acquire Synaptics (SYNA) for $123 per share in cash, revising a previous all-stock deal announced in June. The revised offer follows an unsolicited competing proposal and marks a shift from the initial terms of the acquisition. The new agreement is expected to provide greater certainty for shareholders due to its cash-based structure. Synaptics' shares rose 13% in after-hours trading following the announcement, reflecting investor optimism about the improved deal conditions.
