ON Amends Synaptics Merger Agreement to $123 Per Share Cash, Secures $2.45B Loan
· The NYC Memo
ON Semiconductor Corporation entered into an Amended and Restated Agreement and Plan of Merger with Synaptics Incorporated on October 1, 2026, revising the merger consideration to $123 per share in cash. onsemi also secured a commitment letter from Morgan Stanley Senior Funding, Inc. for up to $2.45 billion in senior secured term loans to fund a portion of the merger.