🟢 ON Semiconductor is trading 6.1% up in pre-market after $123-per-share all-cash Synaptics revision

ON Semiconductor is trading at $85.00, up 6.14% in pre-market after amending its Synaptics merger to an all-cash offer.

• The October 1 revision sets the offer at $123 per share, valuing the deal at about $5.7 billion.
• The revised transaction is expected to be immediately accretive to non-GAAP EPS upon closing.
• Broader market futures were also higher, though available coverage does not establish their contribution to the move.