secwatch.observer — SEC 8-K summary
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Issuer:     ON SEMICONDUCTOR CORP (ON)
CIK:        0001097864
Form:       8-K
Filed at:   2026-06-25T20:55:15+00:00
Accession:  0001140361-26-026395
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

onsemi to acquire Synaptics for ~$7B in stock; exchange ratio 1.350
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- Total enterprise value approximately $7 billion; Synaptics holders receive 1.350 onsemi shares per SYNA share.
- Synaptics equityholders to own about 12% of combined company on pro forma basis post-closing.
- Closing expected mid-2027, subject to Synaptics stockholder vote, HSR, antitrust/foreign investment approvals, and other conditions.
- Termination fee of $235M payable by Synaptics under certain circumstances; $320M regulatory termination fee payable by onsemi.
- onsemi targets incremental $30B TAM, reaching $243B by 2030, focusing on Power, Sense, Compute, Control for Physical AI.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1097864/000114036126026395/0001140361-26-026395-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1097864/000114036126026395/ef20076747_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-026395

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