After-Hours Movers: ON Semiconductor Deal Sparks Split Reaction; Rocket Lab and DLH Get Boosts
After the market closed, ON Semiconductor said it would acquire Synaptics in an all-stock transaction valued at roughly $7 billion. The announcement pushed ON shares down about 7% and lifted Synaptics roughly 10% on the fixed exchange ratio, which embeds a 19% premium. Separately, Rocket Lab rose after winning three dedicated Electron launches from…