Onsemi and Synaptics Amend Merger to $5.7B All-Cash Deal

Onsemi and Synaptics have amended their merger agreement to an all-cash transaction valued at $123 per share, valuing $SYNA at roughly $5.7B.
The revised valuation is about $1.3B below the approximately $7B deal announced in June and follows an unsolicited third-party proposal.
$ON expects the acquisition to be immediately accretive to non-GAAP EPS and generate more than $200M in annual run-rate synergies.
FTC approval has already been received, with closing still expected by mid-2027.