Synaptics shares rise 14% after revised merger agreement with onsemi
Shares of Synaptics (SYNA) surged by 14%, closing at $121.06, following the announcement of a revised merger agreement between Synaptics and onsemi. The stock gained approximately $14.91 in value during Friday's trading session. The increase was driven by investor optimism surrounding the updated terms of the proposed merger, which is expected to bring strategic benefits for both companies involved. Trading volume increased significantly as a result of heightened market interest following the news release.
Topics: M&A Stock Movement