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“onsemi $ON will acquire Synaptics $SYNA in an all-stock deal valued at ~$7B in total enterprise value.”
@zephyr_z9
onsemi issues ~12% dilution to fund the SYNA acquisition; acquirer stock typically sells off on deal announcement.
ONSHORT@ $90.86
$81.37+10.45%
since call Jun 25
peak +13.0%
“onsemi $ON will acquire Synaptics $SYNA in an all-stock deal valued at ~$7B in total enterprise value.”
@zephyr_z9
onsemi's all-stock acquisition of SYNA at 1.350 ON shares per share locks in a deal premium, pulling SYNA toward implied value.
SYNALONG@ $123.29
$108.20-12.24%
since call Jun 25
peak +3.1%
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