ON Semiconductor has revised its $5.7 billion acquisition of Synaptics from an all-stock deal to a $123-per-share cash offer, reducing the total value from $7 billion and eliminating share dilution concerns. Bank of America estimates this change could increase ON Semiconductor's earnings per share by about 11% in 2027 and 15% in 2028, compared to standalone forecasts. The deal is expected to close by mid-2027, pending regulatory approvals, and will expand ON Semiconductor's market reach by $30 billion by 2030, enhancing its portfolio in edge computing, connectivity, and industrial applications.
Following ON Semiconductor's revised acquisition terms for Synaptics, ON shares have gained momentum, rising 5.72% to USD 84.66 as of Oct 03, 2026 02:32 WIB on Pluang. The stock's market cap stands at $31.18 billion, reflecting investor interest amid the deal's potential to expand ON's market reach by $30 billion by 2030. Pluang users show a buying preference with 57% of orders on ON being buys versus 43% sells at this time.
