onsemi and Synaptics Shares Rise as Acquisition Price Set at $123
Key Facts
ON Semiconductor shares rose alongside Synaptics stock after both companies renegotiated the terms of their acquisition deal to a revised all-cash price of $123 per share. GlobeNewswire reported that the amended merger agreement, which values the transaction at approximately $5.7 billion, is designed to deliver immediate EPS accretion for onsemi shareholders.
The market reacted positively to the defense against hostile bids, with SYNA shares surging 15.03% to $122.10 in after-hours trading on Thursday, October 1, 2026. This price level closely approaches the $123 offer price, compared to the stock's previous close of $101.40 on September 30, 2026.
Latest Updates · 1
- Notable·
Update: onsemi disclosed on October 1, 2026, that it has lowered its acquisition price for Synaptics to $5.7 billion. This financial disclosure follows the revised terms aimed at optimizing the deal structure for shareholders.