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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Synaptics Incorporated    SYNA

SYNAPTICS INCORPORATED

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SYNAPTICS INC : Completion of Acquisition or Disposition of Assets, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)

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07/31/2020 | 09:58am EDT

Item 2.01 Completion of Acquisition or Disposition of Assets.

On July 31, 2020, Synaptics Incorporated (the "Company") completed the previously announced merger of Falcon Merger Sub, Inc., a Washington corporation and a wholly owned subsidiary of the Company ("Merger Sub") with and into DisplayLink Corporation, a Washington corporation ("DisplayLink"), with DisplayLink continuing as the surviving corporation and a wholly owned subsidiary of the Company (the "Merger"). The Company completed the Merger pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement") by and among the Company, Merger Sub, DisplayLink, certain holders of equity securities of DisplayLink that become parties to the Merger Agreement by execution of a Joinder Agreement (the "Sellers") and Shareholder Representative Services LLC, a Colorado limited liability company, solely in its capacity as the representative, agent and attorney-in-fact for the Sellers. The aggregate consideration for the Merger consisted of $305 million in cash, subject to purchase price adjustments at the closing and post-closing.

The foregoing description of the Merger Agreement does not purport to be complete and is qualified in its entirety by reference to the Merger Agreement, which is expected to be filed with the Company's next quarterly report in accordance with the rules and regulations of the Securities and Exchange Commission.

Item 7.01 Regulation FD Disclosure.

On July 31, 2020, the Company issued a press release announcing the completion of the Merger and related matters. The press release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.

The information contained in this Item 7.01 and in the accompanying Exhibit 99.1 shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Exchange Act or the Securities Act of 1933, as amended, whether made before or after the date hereof, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(a) Financial Statements of Businesses Acquired. The financial statements required under this Item 9.01(a) will be filed by the Company pursuant to an amendment to this Form 8-K not later than 71 days after the date that this report on Form 8-K is required to be filed.

(b) Pro Forma Financial Information. The pro forma financial information required under this Item 9.01(b) will be filed by the Company pursuant to an amendment to this Form 8-K not later than 71 days after the date that this report on Form 8-K is required to be filed.


(d) Exhibits:



Exhibit
  No.       Description

99.1          Press Release from Synaptics Incorporated dated July 31, 2020,
            titled "Synaptics Completes Acquisition of DisplayLink"

104         Cover Page Interactive Data File (embedded within the Inline XBRL
            document)

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses


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