- Onsemi will acquire Synaptics for $123 per share in cash, valuing the deal at about $5.7B, down from about $7B in the all-stock agreement signed June 25, 2026.
- ON shares rose more than 7% premarket Friday, and SYNA rose 15.03% after hours Thursday on the amended terms.
- A second Chipdispatch report cited 8% and 14% gains for ON and Synaptics in US trading, but said the enterprise-versus-equity basis of the $5.7B figure is undisclosed.
- The FTC has approved the transaction, and the companies target a mid-2027 closing pending a Synaptics shareholder vote and other regulatory clearances.
- Morgan Stanley provides fully committed debt financing, and the amended agreement does not make financing a closing condition. Onsemi held $3.5B in cash as of July 3.
- Onsemi expects immediate adjusted EPS accretion and identifies value-creation upside beyond the previously announced $200M in annual run-rate synergies.
Quotes
“onsemi will acquire Synaptics for $123 per share in cash, valuing the deal at $5.7 billion, down from $7 billion.”
“Both streams are expected to materialize after the initial 18 months following closing, strengthening the combined company's long-term earnings and cash flow profile, onsemi said.”