M&A/Shareholder vote/2026/Synaptics Incorporated

Synaptics Incorporated SYNA

ON Semiconductor Corporation is buying Synaptics Incorporated (SYNA) for $123.00 cash a share, expected to close Jun 25, 2027. Synaptics is a leading designer and developer of AI-enabled edge solutions and human interface technologies for global original equipment manufacturers.

Holders get
$123.00 cash
Deal value
Not given
Expected close
Jun 25, 2027
Status
Pending
Checked
See the filing →

Filed

The deal

ON Semiconductor Corporation is buying Synaptics Incorporated, a designer and developer of AI-enabled edge solutions and human interface technologies. SYNA holders will receive $123.00 per share in cash, without interest.

The deal is expected to close no later than 11:59 p.m., Pacific Time, on June 25, 2027, with possible three-month extensions up to three times. First, Synaptics stockholders must adopt the Merger Agreement by majority vote, antitrust waiting periods must expire, representations and warranties must be accurate, and no prohibitive legal restraints may exist.

What has happened

Terms changed · Synaptics and ON Semiconductor signed an amended and restated merger agreement replacing the June 25, 2026 agreement, maintaining $123.00 per share cash consideration. · See the filing
Holders sent the terms and a meeting date

What must happen first

adoption of the Merger Agreement by the affirmative vote of the holders of a majority of the issued and outstanding shares of Synaptics common stock entitled to vote thereon
expiration or termination of any applicable waiting periods under specified antitrust laws and receipt of required approvals under specified antitrust and foreign direct investment laws
accuracy of the parties' representations and warranties and compliance by the parties with their respective covenants and agreements
absence of any law, order, injunction or other legal restraint of specified jurisdictions that would prevent, make illegal or prohibit the consummation of the Merger

The board says

the Synaptics board unanimously recommends that Synaptics stockholders vote "FOR" the Merger Proposal