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Explain this story: Onsemi to Acquire Synaptics for $123 Per Share; Secures $2.45 Billion Term Loan
Onsemi has amended its agreement to acquire Synaptics, now offering an all-cash consideration of $123 per share following a competing bid. To finance this acquisition, Onsemi has secured a commitment for up to $2.45 billion in senior secured term loans from Morgan Stanley. This financing is subject to customary conditions but is not a condition for the closing of the transaction.
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Onsemi has amended its agreement to acquire Synaptics, now offering an all-cash consideration of $123 per share following a competing bid. To finance this acquisition, Onsemi has secured a commitment for up to $2.45 billion in senior secured term loans from Morgan Stanley. This financing is subject to customary conditions but is not a condition for the closing of the transaction.
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Published Oct 1, 2026, 17:13 ET · on this site +1h 13m