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Regulatory Problems Prevented DuPont From Acquiring Rogers For $5.2 Billion

Haiden Holmes

Nov 02, 2022 14:59

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Chemicals producer DuPont (NYSE:DD) De Nemours Inc stated on Tuesday that it was abandoning its $5.2 billion acquisition of Rogers (NYSE:ROG) Corp due to regulatory delays.


During extended trading, Rogers's stock plunged 43%, while DuPont's rose about 6%.


DuPont's all-cash acquisition of the engineering materials producer, announced a year ago, would have been its largest acquisition since splitting from DowDuPont in 2019, as it intended to service quickly developing industries including electric vehicles, 5G, and renewable energy.


DuPont stated that it would pay Rogers a termination fee of $162,5 million.


The companies announced in September that, with the exception of China, they had obtained all necessary regulatory approvals for the merger.

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