ON Semiconductor's revised Synaptics deal improves earnings outlook, says BofA ON Semiconductor's r...

ON Semiconductor's revised Synaptics deal improves earnings outlook, says BofA ON Semiconductor's revised $5.7 billion acquisition of Synaptics could deliver a bigger earnings boost than originally expected while eliminating the share dilution that had weighed on the deal, Bank of America said. Following an unsolicited competing proposal, the companies amended their June 25 agreement to replace the all-stock transaction with a $123-per-share cash offer.