Scenario description
Assume the amended Onsemi-Synaptics acquisition does not close on the reported $123-per-share all-cash terms because the parties terminate or abandon the agreement, a regulator blocks or prevents completion, financing failure prevents closing, or the parties sign a further material repricing or consideration change by the resolution date. The initiating economic change is the loss or material alteration of the expected $5.7 billion cash takeover path for Synaptics and the associated financing, ownership-control, integration, and synergy assumptions for Onsemi.