Onsemi To Acquire Synaptics For $123 Per Share In Cash Under Amended Merger Deal

Onsemi has amended its merger agreement with Synaptics, now set to acquire the company for $123 per share in cash, totaling approximately $5.7 billion, down from the previous agreement of around $7 billion. This change follows a competing proposal from a third party. The acquisition is expected to be immediately accretive to Onsemi's non-GAAP earnings per share and offers value certainty for Synaptics' shareholders.