TNW | Business
Cirrus Logic made rival bid for Synaptics, Bloomberg reports
The unsolicited offer pushed Onsemi to switch its Synaptics deal to $123 a share in cash.
Via TNW | Business
·Excerpt
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Chipmaker Cirrus Logic made a surprise offer for Synaptics last month, trying to break up its agreed sale to Onsemi, Liana Baker and Yiqin Shen reported for Bloomberg.
Cirrus Logic is the ‘Party A’ named in an updated Synaptics filing on Thursday, people familiar with the matter told Bloomberg. It is unclear whether Cirrus is still interested.
A switch to cash
Onsemi agreed to buy Synaptics in June in an all-stock…
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