TechWall Street Journal1h ago
Onsemi revises its Synaptics acquisition
Onsemi revises its Synaptics acquisition to a ~$5.7B all-cash offer, down from the ~$7B all-stock deal announced in June, after Synaptics received another bid
TL;DROnsemi lowered its Synaptics buyout offer to $5.7B cash after rival bidding emerged.
Why it matters: Acquisition pricing volatility signals chip industry consolidation pressures and potential market shifts.
ON Semiconductor says it will pay $123 a share for Synaptics, giving the deal a value of around $5.7 billion
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