onsemi cuts Synaptics deal price to $5.7B after rival bid

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Go back to onsemi cuts Synaptics deal price to $5.7B after rival bid

onsemi and Synaptics Announce Revised Merger Agreement

October 1, 2026 4:34 PM EDT

Revised Terms to Deliver Higher onsemi Shareholder Value through Immediate EPS Accretion 

Amended Agreement Follows Thorough Review of Unsolicited Competing Proposal

SCOTTSDALE, Ariz. and SAN JOSE, Calif., Oct. 01, 2026 (GLOBE NEWSWIRE) -- onsemi (NASDAQ: ON) and Synaptics Incorporated (NASDAQ: SYNA) ("Synaptics") today announced they have amended their June 25, 2026 merger agreement. The amendment follows an unsolicited competing proposal received from a third party.

Under the revised agreement, onsemi will acquire Synaptics for $123 per share in cash for an aggregate value of approximately... More