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Updated · CNBC · Oct 2ON Semiconductor to Buy Synaptics for $5.7 Billion as Synaptics Shares Jump 14%
3 articles · Updated · CNBC · Oct 2Summary
- $123 per share in cash would value ON Semiconductor's acquisition of Synaptics at $5.7 billion, according to reports cited in premarket trading.
- Synaptics shares jumped more than 14% and ON Semiconductor rose over 7% as investors reacted to the proposed deal.
- The reported transaction value is down from a prior agreement pegged at $7 billion, indicating revised terms for the takeover.
- The move stood out in a mixed premarket session that also saw Nike drop more than 10% after a revenue miss.
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