M&A
confidence high
sentiment positive
materiality 1.00
Synaptics to be acquired by onsemi in ~$7B all-stock merger; 1.350x exchange ratio
SYNAPTICS Inc
- Exchange ratio: 1.350 onsemi shares per Synaptics share, ~19% premium to 10-day VWAP.
- Enterprise value ~$7B; combined company targets $243B TAM by 2030, adding Edge AI and connectivity.
- Synaptics becomes indirect wholly-owned sub of onsemi; expected close by June 25, 2027.
- Termination fees: $235M from Synaptics to onsemi; $320M regulatory fee from onsemi to Synaptics.
- Synaptics board recommends stockholders vote in favor; subject to stockholder and regulatory approvals.