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Synaptics shareholders will receive $123 in cash for each share of common stock held at closing under an amended merger agreement with onsemi.
The revised terms replace the previously announced all-stock structure with an all-cash payment, a change the company states provides higher value and value certainty to investors.
The amendment was negotiated after Synaptics received an unsolicited, non-binding proposal from a third-party bidder.
The Synaptics Board of Directors evaluated that proposal alongside its financial and legal advisors and concluded that the amended onsemi transaction remains in the best interests of shareholders.
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