The filing contains no new financial data or deal term changes — it is a procedural S-4 milestone. Monitor the SEC review process and the mailing of the definitive proxy statement for the shareholder vote. The stock will track the spread to onsemi's share price until close; any regulatory or shareholder approval delays could widen the spread.
Price Chart
Executive Summary
Synaptics CEO Rahul Patel sent an internal email and FAQ to employees announcing the S-4 filing as a milestone in the pending all-stock acquisition by ON Semiconductor (onsemi). The filing confirms the exchange ratio of 1.350 onsemi shares per Synaptics share, reiterates the expected close in mid-2027, and addresses employee questions on compensation, equity, and retention. No changes to deal terms or timeline were disclosed; this is a routine procedural update in an active M&A process.
Key Financial Metrics
Key Facts
- onsemi filed an S-4 registration statement including a preliminary proxy statement/prospectus for the Synaptics acquisition.
- Each Synaptics share will convert into 1.350 shares of onsemi common stock at closing.
- The transaction remains on track to close in mid-2027, subject to regulatory approvals and shareholder vote.
- Synaptics has stopped providing earnings guidance, standard practice during a pending merger.
- CEO Rahul Patel confirmed no changes to day-to-day operations, reporting structures, or employee compensation until closing.
Financial Impact
All-stock transaction; each SYNA share converts to 1.350 onsemi shares. No cash consideration or revised deal value disclosed.
Risk Factors
- Regulatory approvals across multiple jurisdictions may delay or block the transaction.
- Shareholder vote required; failure to approve would terminate the deal.
- Integration risks post-close could affect combined company performance and onsemi's stock price.
- Synaptics has ceased earnings guidance, reducing visibility into standalone operating trends.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 425 Filing (Primary) | 0001140361-26-034525 |
| Document: 0001140361-26-034525-index-headers.html | 0001140361-26-034525 |
| Document: 0001140361-26-034525-index.html | 0001140361-26-034525 |
| Document: 0001140361-26-034525.txt | 0001140361-26-034525 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 16d ago | DEFA14A | $89.24 $98.10 | ▲ +9.93% | ▲ +7.36% | $120.91 (+35.49%) |
Aug 27, 2026 5w ago | 425 | $97.59 $97.68 | ▲ +0.09% | ▼ −0.18% | $120.91 (+23.90%) |
Aug 26, 2026 5w ago | Insider Cluster | $95.70 $95.99 | ▲ +0.30% | ▲ +0.42% | $120.91 (+26.34%) |
Aug 21, 2026 6w ago | 425 | $97.66 $95.08 | ▼ −2.64% | ▼ −3.12% | $120.91 (+23.81%) |
Aug 21, 2026 6w ago | 8-K | $97.66 $95.08 | ▼ −2.64% | ▼ −3.12% | $120.91 (+23.81%) |
Aug 19, 2026 6w ago | Insider Cluster | $100.98 $95.70 | ▼ −5.23% | ▼ −4.84% | $120.91 (+19.74%) |
Jul 28, 2026 9w ago | Insider Cluster | $110.87 $105.72 | ▼ −4.65% | ▼ −6.91% | $120.91 (+9.06%) |
Jul 21, 2026 10w ago | Insider Cluster | $119.32 $116.42 | ▼ −2.43% | ▼ −1.20% | $120.91 (+1.33%) |
Jul 15, 2026 11w ago | Press Release | $115.55 $117.60 | ▼ −1.77% | ▼ −3.44% | $120.91 (−4.64%) |
Jun 26, 2026 13w ago | 425 | $121.00 $119.52 | ▼ −1.22% | ▼ −3.39% | $120.91 (−0.07%) |
US Market Status
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