Update
Cirrus Logic Update on Synaptics Acquisition
Cirrus Logic made an unsolicited takeover bid for Synaptics, prompting On Semiconductor to revise its agreement with Synaptics to be all cash instead of all stock. The cash-and-stock offer from Cirrus Logic was seriously considered by Synaptics' board of directors, but they ultimately decided that Onsemi's revised all-cash offer was in the best interests of shareholders.