ON is trading about 10% down at $106.86 following the announcement of its $7 billion all-stock acquisition of Synaptics, the largest transaction in company history.
- Investors are reacting to potential share dilution and integration risks, as well as a long-dated closing timeline not expected until mid-2027.
- The stock faced immediate pressure in extended trading as the market weighed the deal's scale against a cautious broader sentiment for tech and semiconductor equities.