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via seekingalpha.comCapital Markets

Cirrus Logic confirms takeover bids for Synaptics, now withdrawn

FROM THE WIRE · SEEKINGALPHA.COM

[Intricate design of a computer chip on a circuit board surrounded by electronic components] adventtr Cirrus Logic (CRUS [https://seekingalpha.com/symbol/CRUS]) confirmed that it made takeover offers for Synaptics (SYNA [https://seekingalpha.com/symbol/SYNA]). Cirrus Logic (CRUS…

Read at the source ↗
MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishWithdrawal of a competing takeover bid versus Onsemi is material news for Synaptics' price and semiconductor M&A strategy.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Cirrus Logic confirmed it was 'Party A' in proxy filings regarding Onsemi's pending deal for Synaptics.
  2. 02Cirrus Logic has withdrawn its takeover offer and will not provide further comment.
  3. 03The disclosure follows a Bloomberg report indicating Cirrus Logic had made an acquisition offer for Synaptics.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Cirrus Logic, Inc.CRUSStock107.99 USDMarket closedtoday +1.56%Negative Synaptics IncorporatedSYNAStock119.44 USDMarket closedtoday +0.03%Negative ON Semiconductor CorporationONStock76.69 USDMarket closedtoday +0.91%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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