• ON Semiconductor will acquire Synaptics for about $7B in an all‑stock deal (1.35 ON per SYNA). Synaptics shareholders to own ~12% of combined firm; close expected mid‑2027; targets $200M synergies
  • Susquehanna cut Synaptics (SYNA) from Positive to Neutral at 12:15 GMT. Traders: rating lowered and timestamped; watch for potential volume and price reaction around that time.