7/105 sources · 4 publishersUpdated Oct 14, 05:46 UTC
Cirrus Logic confirms past Synaptics acquisition proposals but says no current deal
Cirrus Logic disclosed that it previously made acquisition proposals for Synaptics and is identified as “Party A” in the SEC filings related to Synaptics’ pending merger with ON Semiconductor. The company added that it is not presently pursuing any transaction with Synaptics and will not provide further comment. The filing was signed by CFO Jeff Woolard.
Why it matters
The company’s statement that it is not currently pursuing a deal removes speculation about a near‑term acquisition and indicates that its capital allocation priorities remain unchanged.
Key facts
- 1Cirrus Logic made acquisition proposals for Synaptics and is the “Party A” referenced in Synaptics/onsemi merger filings. minichart.com.sg
- 2Cirrus Logic is not currently pursuing a transaction with Synaptics. minichart.com.sg
- 3The company will not provide additional comment on the matter. minichart.com.sg
- 4The filing was signed by Chief Financial Officer Jeff Woolard. minichart.com.sg
- 5Cirrus Logic’s stock rose 1.56% over the past five days. marketscreener.com
- 6Cirrus Logic’s stock is down 11.01% year‑to‑date. marketscreener.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.