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Law firm investigates ON Semiconductor after stock drops 24% post Synaptics buyout news

Market News
07 Jul 2026
Pomerantz Llp
View Source
Bearish
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Pomerantz LLP is investigating ON Semiconductor Corporation for potential securities fraud following its announcement to acquire Synaptics Incorporated in an all-stock deal valued at around $7 billion. The deal offers Synaptics shareholders 1.35 ON Semiconductor shares each. After the announcement on June 25, 2026, ON Semiconductor's stock price fell sharply by 23.66%, raising concerns among investors. The investigation aims to determine if ON Semiconductor or its executives engaged in unlawful business practices related to this transaction.

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