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Market Impact: 0.48
Synaptics Stock Rises After onsemi Revises Deal to $123 Per Share
Source: benzinga.com
M&A & RestructuringTechnology & Innovation
Synaptics shares traded higher after onsemi announced an agreement to acquire the company for $123 per share under revised terms. The deal provides Synaptics shareholders with a defined cash valuation and is likely to be a material catalyst for SYNA, while also expanding onsemi's technology portfolio.
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Overall Sentiment
moderately positive
Sentiment Score
0.62
Ticker Sentiment
SYNA0.82
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