Dupont ends $5.2 billion deal to buy Rogers Corp.

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DuPont de Nemours Inc. DD, +2.62% said late Tuesday it has ended its deal to buy Arizona-based engineered-materials maker Rogers Corp. as the companies could not get “timely clearance” from all the required regulators. DuPont is paying Rogers a termination fee of $162.5 million in accordance with the agreement. The $5.2 billion deal, announced in November 2021, was expected to close in the third quarter. In September, Dupont said all parties had received regulatory approvals for the merger except for one approval, from China’s State Administration for Market Regulation. Shares of Dupont rose nearly 6% in the extended session Tuesday, after ending the regular trading day up 2.6%.

This article was originally published by Marketwatch.com. Read the original article here.

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