Cirrus Logic is said to have made a rival bid for Synaptics after Onsemi offer

Cirrus Logic (CRUS) has proposed a bid for Synaptics (SYNA), countering ON Semiconductor's (ON) $123-per-share offer. Cirrus Logic's stock is modestly undervalued by 15.8%, with a GF Value of $126.91. The company has a strong GF Score of 86/100, indicating robust financial health and profitability. Synaptics' board has favored ON Semiconductor's offer, leaving Cirrus Logic's intentions uncertain.

Cirrus Logic offered to acquire Synaptics in September to counter a bid from ON Semiconductor, according to Bloomberg sources. The semiconductor companies are involved in a takeover battle.

Cirrus Logic reportedly bid for Synaptics in September, forcing Onsemi to revise its $5.7B all-cash acquisition offer. Cirrus, heavily reliant on Apple, seeks diversification. Synaptics' board approved Onsemi's improved offer. Cirrus recently acquired INVENTVM Semiconductor. The Onsemi-Synaptics deal awaits shareholder approval.

Cirrus Logic reportedly made a cash-and-shares bid for Synaptics, competing with Onsemi's all-cash offer. Synaptics' board considered Cirrus' bid but ultimately favored Onsemi's revised $123 per share offer, valuing the deal at $5.7B. Cirrus' shares fell 6% on Friday. The Onsemi deal is expected to close by mid-2027.

Cirrus Logic (CRUS) made a cash-and-stock offer for Synaptics (SYNA), competing with On Semiconductor's (ON) pending all-cash deal at $123 per share. Synaptics' board reviewed Cirrus' bid but chose On's revised offer. CRUS shares fell 6%, ON dropped 2%, and SYNA rose 0.6%.

Cirrus Logic (CRUS) made a non-binding bid for NuScale Power, disrupting its merger with ON Semiconductor. CRUS offered cash and stock, prompting ON to revise its offer to $123 per share. CRUS is undervalued at $106.87, with a GF Value of $126.91, and has a strong GF Score of 86/100, including a perfect 10/10 in financial strength.