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Onsemi, Synaptics Stocks Rally on Revised Merger Agreement
Onsemi and Synaptics shares are each up over 50% for the year.Credit: Cheng Xin / Getty ImagesKey TakeawaysOnsemi and Synaptics shares gained Friday after a revised merger deal. Analysts at Bank of America said Synaptics “fills key gaps” in Onsemi’s portfolio. Onsemi and Synaptics shares are on the rise after a revised merger deal. Shares of Onsemi (ON) surged 6% and Synaptics (SYNA) shares jumped 14% Friday, a day after Onsemi said it will buy Synaptics in an all-cash deal at $123 per share, replacing an all-stock deal announced back in June. The $123 price per share represents a premium of…
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