Synaptics Sets Nov 17 Vote on $123/Share All-Cash onsemi Merger
SYNA has more than doubled off its 52-week low of $58.28.
Summary
Synaptics filed the definitive proxy for a November 17 special meeting to approve onsemi's $123-per-share all-cash acquisition, disclosing the Cirrus Logic bidding war and executive change-of-control payouts.
Key Events · M&A and Partnerships · SYNA
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Special Meeting Set for November 17
Shareholders of record as of October 13, 2026 will vote on adopting the amended merger agreement; approval needs a majority of all outstanding shares, so abstentions and non-votes count as 'against'.
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$123 Cash Per Share Consideration
Each share converts into $123.00 in cash, a fixed price that is a 22% premium to the $100.79 close on September 29, 2026, the last trading day before board approval.
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Cirrus Logic Bidding War Disclosed
Party A (Cirrus Logic) made post-signing proposals implying up to $130.85 per share, but roughly half was stock and required a Cirrus shareholder vote; onsemi countered with all-cash $120, then $123.
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Executive Change-of-Control Payouts
CEO Rahul Patel would receive about $47.4M in cash severance, equity acceleration and prorated bonus; other named officers $14.4M-$16.4M each, subject to a non-binding advisory vote.
Analysis · SYNA · Manufacturing
This definitive proxy locks in the shareholder vote on the $123-per-share all-cash sale to onsemi, a fixed price that sits above today's $118.43 trading level and well above where the stock traded before the deal. The filing also pulls back the curtain on a bidding war: Cirrus Logic (Party A) made four post-signing proposals topping out at a $130.85 implied value, but Synaptics' board rejected them as too stock-heavy and uncertain, and onsemi raised its all-cash bid from $120 to $123 to win. For holders, the decision is now binary — take the certain $123 cash, or vote no and bet on a standalone plan whose own projections (FY2027 revenue $1.34B) the board judged less attractive than the cash. Approval requires a majority of all outstanding shares, so non-votes count as 'against' and turnout matters.
How filings like this one have moved
In the 30 days to Oct 19, 2026, 37.9% of the 895 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.87%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SYNA was trading at $118.43 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $4.7B. The 52-week trading range was $58.28 to $149.11. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.