ON SEMICONDUCTOR CORP — Form 8-K
Filed October 1, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 72/100
What the filing says
ON Semiconductor Corporation and Synaptics Incorporated amended and restated their merger agreement dated October 1, 2026. Under the amended agreement, Synaptics shareholders will receive $123.00 per share in cash. The merger involves Sonic Acquisition Corp. (ON's subsidiary) merging with Synaptics, with Synaptics surviving as ON's wholly-owned subsidiary. The transaction includes treatment of equity awards (RSUs, PSUs, MSUs converted at a conversion ratio or accelerated), assumption of debt, and various closing conditions.
Why this rating
Material acquisition (~$4.9B equity value at $123/share × ~39.7M shares) representing ~21% of ON's $23.2B market cap. Significant M&A event with substantial synergy potential, but amendments to original June agreement suggest negotiations/refinements. Neutral stance pending deal closure certainty and integration execution.
Price action (we called it neutral)
before filing · preread $84.20 | at our read pending | +10 min pending | +30 min pending | +1 hr pending | +4 hrs pending |
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