secwatch.observer — SEC 8-K summary
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Issuer:     ON SEMICONDUCTOR CORP (ON)
CIK:        0001097864
Form:       8-K
Filed at:   2026-10-01T21:10:07+00:00
Accession:  0001140361-26-038294
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

onsemi, Synaptics amend merger: cash consideration cut to $123/share (~$5.7B) from ~$7B
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- Amended and Restated Agreement and Plan of Merger dated Oct 1, 2026 revises consideration to $123/share in cash for Synaptics, ~$5.7B total vs ~$7B previously.
- Amendment follows an unsolicited competing proposal from third party 'Party A'; onsemi intends to withdraw its S-4 and the deal is no longer a Section 368 reorganization.
- onsemi obtained a $2,450,000,000 senior secured term loan commitment from Morgan Stanley Senior Funding; receipt of financing is not a closing condition.
- Eliminated closing conditions include S-4 effectiveness, Nasdaq listing approval, absence of an onsemi material adverse effect, and closing tax opinions.
- Deal expected to close by mid-2027; FTC approval received, other regulators reviewing; Synaptics to file preliminary proxy within 10 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1097864/000114036126038294/0001140361-26-038294-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1097864/000114036126038294/ef20083030_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-038294

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