The FTC early termination is a modest positive for the deal's probability of closing, but the stockholder vote and remaining regulatory approvals are still pending. Monitor for the S-4 registration statement and Synaptics stockholder meeting date for the next catalyst. The mid-2027 timeline means near-term price action is likely driven by broader semiconductor sector sentiment rather than this deal update.
Price Chart
Executive Summary
Onsemi's 425 filing confirms the FTC granted early termination of the HSR waiting period for its ~$7B all-stock acquisition of Synaptics, removing a key regulatory hurdle. The deal still requires Synaptics stockholder approval and other regulatory clearances, with closing expected in mid-2027. This is a positive procedural step but does not change the deal's fundamental timeline or terms.
Key Financial Metrics
Key Facts
- FTC granted early termination of HSR waiting period on August 12, 2026
- HSR notifications were filed on July 17, 2026
- Deal remains subject to Synaptics stockholder approval and other regulatory clearances
- Closing still expected in mid-2027
- Transaction valued at approximately $7 billion enterprise value in all-stock deal
- Synaptics stockholders to receive 1.350 shares of onsemi common stock per share
Financial Impact
Removal of HSR antitrust hurdle reduces deal-closing risk but does not change financial terms; $7B enterprise value all-stock acquisition with $200M expected annual synergies
Risk Factors
- Synaptics stockholder approval not obtained
- Other required regulatory approvals or clearances not granted
- Litigation relating to the transaction
- Integration challenges and ability to achieve $200M synergies
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 425 Filing (Primary) | 0001140361-26-032599 |
| Document: 0001140361-26-032599-index-headers.html | 0001140361-26-032599 |
| Document: 0001140361-26-032599-index.html | 0001140361-26-032599 |
| Document: 0001140361-26-032599.txt | 0001140361-26-032599 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 21, 2026 6w ago | S-4 | $74.21 $71.72 | ▼ −3.36% | ▼ −4.37% | $83.81 (+12.94%) |
Aug 13, 2026 7w ago | 425 | $81.56 $76.14 | ▼ −6.65% | ▼ −4.90% | $83.81 (+2.76%) |
Aug 13, 2026 7w ago | 8-K | $81.56 $76.14 | ▼ −6.65% | ▼ −4.90% | $83.81 (+2.76%) |
Aug 3, 2026 8w ago | 8-K | $80.78 $72.65 | ▼ −10.06% | ▼ −8.83% | $83.81 (+3.75%) |
Aug 3, 2026 8w ago | Press Release | $80.78 $72.65 | ▼ −10.06% | ▼ −8.83% | $83.81 (+3.75%) |
Jun 30, 2026 13w ago | 425 | $94.54 $89.04 | ▼ −5.82% | ▼ −4.79% | $83.81 (−11.35%) |
Jun 26, 2026 13w ago | 425 | $88.57 $86.81 | ▼ −1.99% | ▼ −1.71% | $83.81 (−5.37%) |
Jun 26, 2026 13w ago | 425 | $88.57 $86.81 | ▼ −1.99% | ▼ −1.71% | $83.81 (−5.37%) |
Jun 26, 2026 13w ago | 425 | $88.57 $86.81 | ▼ −1.99% | ▼ −1.71% | $83.81 (−5.37%) |
Jun 26, 2026 13w ago | 425 | $88.57 $86.81 | ▼ −1.99% | ▼ −1.71% | $83.81 (−5.37%) |
US Market Status
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