ON Semiconductor Revises Synaptics Merger Deal, Shares Jump

ON Semiconductor has announced a revised merger agreement to acquire Synaptics Incorporated for approximately $5.7 billion, down from the initial $7 billion. The amended deal, disclosed on Thursday, has led to a more than 7% surge in ON Semiconductor's shares during Friday's premarket session. The transaction is expected to close by mid-2027, subject to shareholder and regulatory approvals, with the U.S. Federal Trade Commission having already approved it.