Onsemi & Synaptics

Onsemi: Onsemi is acquiring Synaptics to expand its capabilities in Edge AI, connected compute, and human-machine interface, aiming to become a leader in 'Physical AI' and increase its total addressable market. Its shares initially fell after the announcement due to the cost and integration risk of the all-stock deal.

Synaptics: Synaptics is being acquired by Onsemi in an all-stock transaction valued at approximately $7 billion. This deal allows Synaptics shareholders to participate in the combined company's growth and provides a premium on their shares. Its shares initially climbed after the announcement.

Onsemi: Onsemi is under investigation by Pomerantz LLP for alleged securities fraud and unlawful business practices, following a significant drop in its stock price after announcing the acquisition of Synaptics Incorporated.

Synaptics: Synaptics is the internet-of-things company that Onsemi agreed to acquire in an all-stock transaction, which was a catalyst for the subsequent drop in Onsemi's stock price and the ensuing investigation.

Onsemi: Onsemi experienced a significant drop after announcing an all-stock deal to acquire Synaptics, which was not well-received by the market.

Synaptics: Synaptics was the target of an all-stock acquisition by Onsemi, which led to a negative market reaction for both companies.

Onsemi: Onsemi is a former employer of Rizvi; no direct impact.

Synaptics: Synaptics is Rizvi's most recent employer; his departure is not expected to materially affect Synaptics.