SYNA/ON: deal flips to $5.7B all-cash at $123 — SYNA ~+14% / ON ~+6% after rival approach
Posted: Fri Oct 02, 2026 6:37 pm
onsemi and Synaptics amended their merger: previously ~$7B all-stock structure flipped to an all-cash takeout at $123/share (~$5.7B equity value) after Synaptics received an unsolicited non-binding strategic approach (Sep 2). Morgan Stanley committed debt financing; financing-related closing conditions dropped. Still aimed at mid-next-year close, subject to Synaptics shareholder approval. Premarket: SYNA ~+14%, ON ~+6% (deal called immediately accretive to ON non-GAAP EPS).
Scalper read: cash certainty + competing-bid optics on SYNA vs dilution/deal-cost debate on ON — watch whether SYNA holds the cash-deal premium into the vote window.
Source (public): Yahoo Finance / company notes / Tiger Brokers, Fri 2 Oct.
Scalper read: cash certainty + competing-bid optics on SYNA vs dilution/deal-cost debate on ON — watch whether SYNA holds the cash-deal premium into the vote window.
Source (public): Yahoo Finance / company notes / Tiger Brokers, Fri 2 Oct.