ON Semiconductor Analyst's 5 Key Takeaways from Synaptics Acquistion

ON Semiconductor Corp has revised its acquisition deal for Synaptics Inc, now valued at approximately $5.7 billion in an all-cash transaction. The company anticipates achieving $200 million in synergies within 18 months and expects the deal to add 50 cents per share to its non-GAAP earnings by 2028. The acquisition is projected to expand ON Semiconductor's total addressable market by $30 billion to $243 billion by 2030. Shares of ON Semiconductor rose 5.79% to $84.72 following the announcement.