onsemi cuts Synaptics offer to USD 123 per share in revised merger agreement

• onsemi agreed revised terms to buy Synaptics for USD 123 per share in cash, valuing the deal at about USD 5.7 billion.
• Price cut from the prior agreement’s roughly USD 7 billion value, following a review of an unsolicited competing proposal.
• Transaction now expected to be immediately accretive to onsemi’s non-GAAP EPS at closing.
• Financing planned from cash on hand, backed by fully committed debt financing from Morgan Stanley.
• Closing targeted by mid-2027, pending Synaptics shareholder approval and remaining regulatory clearances.

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