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Rogers plunges 40% after Dupont announces it's terminating acquisition

Nov. 01, 2022 5:15 PM ETDuPont de Nemours, Inc. (DD), ROGBy: Joshua Fineman, SA News Editor5 Comments

DuPont Silicon Valley Technology & Innovation Center, Sunnyvale, California

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Rogers Corp. (NYSE:ROG) plummeted 40% in after hours trading after Dupont (NYSE:DD) announced it terminated its $5.2 billion acquisition after parties failed to obtain timely regulatory clearance.

Dupont (DD) is paying Rogers a termination fee of $162.5 million, according to

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Comments (5)

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Never made sense to me
MikeFromNZ profile picture
Mr. Rogers won't be happy.
This is good news for us DD shareholders. As the article states - ROG was clearly behind on where DD wanted their numbers to be and this was likely going to be an overpayment. With M&M now gone and all that cash in the door - find some small tuck-ins if you can, but mostly just buy back the stock and drive this puppy up.
let’s do buybacks instead!!!!
MyDivvyStocksFellAndCantGetUp profile picture
200 ? market says all you want at 130 tonight. Must be the buy of a lifetime

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