Synaptics to be acquired by ON Semiconductor in $7B all-stock merger at 1.350 exchange ratio

Filed June 25, 2026 · Period ending June 25, 2026 · ~2 min read

Key Changes

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  Synaptics shareholders will receive 1.350 shares of ON Semiconductor common stock for each Synaptics share, representing a 19% premium to the 10-day volume weighted average closing prices and implying 12% pro forma ownership of the combined company.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
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  Transaction expected to close mid-2027, subject to Synaptics shareholder approval and regulatory clearances, with potential extensions up to 21 months (through March 2028) if needed for regulatory approvals.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
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  Deal includes reciprocal termination fees: Synaptics pays $235M if terminated due to board recommendation change; onsemi pays $320M if terminated due to regulatory approval failure.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →