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ON Semiconductor Buys Synaptics in $5.7B Cash Deal
2 Oct
Summary
- ON Semiconductor is acquiring Synaptics for around $5.7 billion.
- The acquisition will be an all-cash transaction, not stock.
- The amended agreement values the deal at $123 per share.
ON Semiconductor has entered into an amended agreement to acquire Synaptics in an all-cash transaction. The deal is valued at approximately $5.7 billion, with ON Semiconductor offering $123 per share for Synaptics.
This revised agreement signifies a shift from an initial stock-based proposal to a cash acquisition. The move is expected to bolster ON Semiconductor's position in the semiconductor market.
Both companies operate within the technology sector, with Synaptics known for its human interface solutions and ON Semiconductor for its power management and sensing technologies.
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