ON Semiconductor Corporation Stock News

Summary As AI-driven electricity demand accelerates worldwide, utilities and energy providers are under growing pressure to store and deliver energy more efficiently. Battery energy storage system (BESS) providers are seeking advanced power conversion technologies to improve performance and system economics.

ON Semiconductor's revised $5.7 billion acquisition of Synaptics could deliver a bigger earnings boost than originally expected while eliminating the share dilution that had weighed on the deal, Bank of America said. Following an unsolicited competing proposal, the companies amended their June 25 agreement to replace the all-stock transaction with a $123-per-share cash offer.

Onsemi and Synaptics shares are on the rise after a revised merger deal.

On Semiconductor stock and Synaptics are both rising after they renegotiated their acquisition deal. Here's why.

Nike slumps after the retailer misses analysts' first-quarter earnings target and issues downbeat full-year guidance.

ON Semiconductor said it will pay $123 a share for Synaptics, giving the deal a value of around $5.7 billion.

Revised Terms to Deliver Higher onsemi Shareholder Value through Immediate EPS Accretion  Amended Agreement Follows Thorough Review of Unsolicited Competing Proposal SCOTTSDALE, Ariz. and SAN JOSE, Calif.

Onsemi (NASDAQ:ON) is well positioned to benefit from rising data center power demand, Jefferies said, arguing that investor concerns about margins following the semiconductor maker's recent analyst day were overstated. The broker said Onsemi (NASDAQ:ON)'s 53% gross margin target should be viewed as a milestone rather than a ceiling, with margins potentially rising as volumes increase, costs fa...