secwatch.observer — SEC 8-K summary
======================================

Issuer:     SYNAPTICS Inc (SYNA)
CIK:        0000817720
Form:       8-K
Filed at:   2026-10-01T21:19:04+00:00
Accession:  0001140361-26-038301
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.95
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Synaptics amends onsemi merger to $123/share cash, cutting aggregate value to about $5.7B
--------------------------------------------------------------------------------

- Amended and restated merger agreement dated Oct. 1, 2026 replaces June 25, 2026 pact; Synaptics shareholders to receive $123 cash per share, about $5.7B total value vs prior ~$7B.
- Merger follows unsolicited Sept. 2, 2026 proposal from Party A; Synaptics board determined revised proposal no longer a Superior Proposal and unanimously approved onsemi deal.
- HSR approval and FTC clearance obtained; transaction still needs majority of Synaptics shares outstanding and other regulatory approvals, expected to close by mid-2027.
- Financing is fully committed debt from Morgan Stanley with no financing closing condition; onsemi expects immediate non-GAAP EPS accretion and cites $200M annual run-rate synergies.
- Equity awards: RSUs, PSUs and MSUs held by continuing employees convert to onsemi awards using Conversion Ratio; vested/non-employee awards cashed out at $123 per share equivalent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/817720/000114036126038301/0001140361-26-038301-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/817720/000114036126038301/ef20083029_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-038301

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer