secwatch.observer — SEC 8-K summary
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Issuer:     SYNAPTICS Inc (SYNA)
CIK:        0000817720
Form:       8-K
Filed at:   2021-12-02T23:59:59+00:00
Accession:  0001193125-21-346669
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Synaptics completes $549M acquisition of DSP Group; updates Q2 FY2022 guidance
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- Acquisition of DSP Group closed for $549M cash; financed with $600M new 7-year term loan at LIBOR+2.25%.
- Updated Q2 FY2022 revenue guidance: $410M-$430M (prior $390M-$420M).
- Non-GAAP EPS guidance raised to $3.00-$3.20 (prior $2.90-$3.20); 41M fully diluted shares.
- Non-GAAP gross margin maintained at 58.5%-59.5%; non-GAAP OpEx increased to $96M-$98M.
- Deal expected to be immediately accretive to non-GAAP EPS; adds voice processing and wireless capabilities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/817720/000119312521346669/0001193125-21-346669-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/817720/000119312521346669/d278258d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-346669

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