Cirrus Logic sent an unsolicited acquisition proposal to Synaptics last month, according to a report cited by Techub News. The move was aimed at disrupting a previously announced transaction between Synaptics and On Semiconductor. The development was disclosed by people familiar with the matter, with Bloomberg Technology reporting the story. The report did not provide additional terms of the proposal in the source text provided here, and no further transaction details were disclosed in the input. The update centers on a new bidder entering the picture after Synaptics had already announced a deal with On Semiconductor, setting up a potential challenge to that transaction.
Cirrus Logic sent an unsolicited acquisition offer to Synaptics last month, according to Techub News, citing a Bloomberg Technology report.
The bid was intended to disrupt a previously announced transaction between Synaptics and On Semiconductor. People familiar with the matter disclosed the development, according to the report.
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