onsemi Amends Synaptics Merger to All-Cash at $123/Share, ~$5.7B Total (vs. ~$7B Prior)
On October 1, 2026, ON Semiconductor Corporation and Synaptics Incorporated amended their June 25, 2026 merger agreement, replacing the prior mixed-consideration reorganization with an all-cash structure at $123.00 per share for aggregate consideration of approximately $5.7 billion, down from approximately $7 billion under the prior agreement. The amendment follows Synaptics' receipt of an unsolicited competing proposal from a third party ("Party A") and was approved unanimously by the boards of directors of bot...
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