🔴 ON is trading 4.1% down today on continued reaction to $7B Synaptics deal

ON is trading 4.1% down today at $86.91 as the market continues to react to its nearly $7 billion all-stock acquisition of Synaptics.

• The stock previously plummeted 23.66% on June 26 following the deal's disclosure, driven by investor concerns over significant shareholder dilution and integration risks.
• Market participants remain skeptical of the company's strategic pivot toward physical AI despite broader market indices trading higher.