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 (Elias Schisgall/Wall Street Journal)
Onsemi is switching the Synaptics deal to $123 a share in cash, valuing it around $5.7 billion.
The revised agreement replaces the roughly $7 billion all-stock deal announced in June. Techmeme’s note says the change came after Synaptics received another bid. The item points to both companies announcing the revised merger agreement, with coverage noting the lower price and cash structure. Techmeme's note
The revised agreement replaces the roughly $7 billion all-stock deal announced in June. Techmeme’s note says the change came after Synaptics received another bid. The item points to both companies announcing the revised merger agreement, with coverage noting the lower price and cash structure. Techmeme's note
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