Synaptics amends onsemi merger deal to $123 per share in cash
Synaptics and onsemi signed an amended and restated merger agreement on October 1, 2026, after an unsolicited competing proposal received September 2, 2026. Synaptics shareholders would receive $123 per share in cash instead of onsemi stock, and the Synaptics board unanimously approved the revised deal. The transaction is expected to close by mid-2027, subject to Synaptics shareholder approval and regulatory approvals.
Key points
- Merger consideration is $123 per share in cash, without interest; the deal is valued at approximately $5.7 billion, compared with approximately $7 billion under the prior agreement.
- The transaction is expected to close by mid-2027, subject to Synaptics shareholder approval, required regulatory approvals and other customary conditions.
- The Federal Trade Commission has approved the transaction, and regulators in other jurisdictions are reviewing it; the Hart-Scott-Rodino approval has already been obtained.
- onsemi will fund the deal with cash on hand and committed debt financing from Morgan Stanley, and the agreement has no financing condition.
The filing
Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 01, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.