ON Semiconductor to Acquire Synaptics in All-Stock Deal
Summary
ON Semiconductor has agreed to acquire Synaptics in an all-stock transaction. This definitive M&A event fundamentally alters Synaptics' future as an independent public company. The news is highly material and will likely trigger significant price action for Synaptics shares.
At the time of this announcement, SYNA was trading at $125.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.9B. The 52-week trading range was $58.28 to $149.11. This news item was assessed with neutral market sentiment and an importance score of 10 out of 10. Source: Dow Jones Newswires.