Synaptics agrees to revised all‑cash acquisition by onsemi at $123 per share
Synaptics announced an amended merger agreement with onsemi, converting the deal to an all‑cash offer of $123 per share. The transaction values Synaptics at about $5.7 billion and is expected to close in mid‑2027, subject to shareholder and regulatory approvals. The announcement sent Synaptics shares up roughly 14% to around $121, while onsemi’s offer represents a 16% premium to the pre‑announcement price.
Why it matters
The company’s board says the cash deal provides a premium and certainty for shareholders, which should drive the stock toward the $123 offer price (the company’s statement). Analysts note the spread between the current price and the deal price creates a merger‑arbitrage opportunity. The deal also requires regulatory clearance, adding a conditional risk factor for investors.
Key facts
- 1The revised acquisition price is $123 per share in cash. benzinga.com
- 2The transaction values Synaptics at approximately $5.7 billion. investing.com
- 3Closing is targeted for mid‑2027 pending shareholder and regulatory approvals. investing.com
- 4Synaptics shares closed at $121.06 after the announcement. gurufocus.com
- 5Synaptics reported Q4 revenue of $308 million. timothysykes.com
- 6Synaptics reported a Q4 net loss of $447.4 million. timothysykes.com
Summary written by AlphAI from 10 of 10 sources. Not investment advice. Figures are as stated by the linked sources.