8-KItem 1.01 · Material AgreementItem 8.01 · Other EventsItem 9.01 · Financial Statements
onsemi Revises Synaptics Deal to $123-Per-Share All-Cash Offer
Filed with the SEC on · Summarized by InvestorsBot
onsemi amended its merger agreement to acquire Synaptics for $123 per share in cash, or approximately $5.7 billion, after Synaptics received an unsolicited competing proposal. The transaction will be funded with cash on hand and up to $2.45 billion in committed senior secured financing from Morgan Stanley, and onsemi expects it to be immediately accretive to non-GAAP earnings per share. The deal still requires Synaptics stockholder and regulatory approvals and is expected to close by mid-2027; onsemi plans to withdraw its registration statement.