Date:	--/--/-- --:--:--
Event Id:	E5L3L9I4Z
Action Type:	ACQUISITION
Action Status:	ANNOUNCED
Acquirer Symbol:
Target Symbol:	SYNA
Updated:	--/--/-- --:--:--
Purchase Price Per Share:	123
Price Per Share Currency:	USD
News References:	https://www.onsemi.com/company/newsroom/news-and-insights/onsemi-and-synaptics-announce-revised-merger-agreement

Action Notes

onsemi (Nasdaq: ON) and Synaptics Incorporated (Nasdaq: SYNA) today announced they have entered into a definitive agreement under which onsemi has agreed to acquire Synaptics in an all-stock transaction, representing a total enterprise value of approximately $7 billion. Under the terms of the agreement, which has been unanimously approved by the Boards of Directors of both companies, Synaptics stockholders will receive 1.350 shares of onsemi common stock for each share of Synaptics common stock held at the time of closing. The transaction is expected to close in mid-2027, subject to approval by Synaptics stockholders, the receipt of required regulatory approvals and other customary conditions. Update per PR 10/01: PR announced revised merger agreement. Under the revised agreement, onsemi will acquire Synaptics for $123 per share in cash for an aggregate value of approximately $5.7 billion as compared to approximately $7 billion for the prior agreement. 10/20 Syna shareholder will vote on the acquisition at their upcoming special shareholder meeting on 11/17/2026