Onsemi and Synaptics revise acquisition deal to about $5.7 billion in cash

Onsemi and Synaptics announced a revised agreement for Onsemi to acquire Synaptics for $123 per share in cash, valuing the deal at about $5.7 billion, down from about $7 billion under their previous agreement. They say the revision followed an unsolicited competing proposal. The transaction is still expected to close by mid-2027, subject to Synaptics shareholder approval, remaining regulatory approvals and other conditions.