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Wajeeh Khan

A $5.7 Billion Reason Why Synaptics Stock Is Up Today

SYNA Synaptics ON Semiconductor Semiconductor

Synaptics (SYNA) stock is pushing higher on Oct. 2 after the technology company announced a revised merger agreement with On Semiconductor (ON). Under the newly restructured terms, On Semiconductor will acquire Synaptics in an all-cash transaction valued at about $5.7 billion, valuing SYNA shares at $123 each.

Including today’s surge, Synaptics is now trading about 60% above its price at the start of this year.

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