Dupont's ( NYSE: DD ) planned purchase of Rogers ( NYSE: ROG ) is likely go past a Nov. 1 deal termination deadline as Chinese approval for the combination isn't expect in time. Rogers ticked down 1%.
The companies are not currently engaged in talks with China's antitrust regulator, according to a Dealreporter item, which cited a source familiar.
While the deal is likely got past the deadline, Dupont ( DD ) and Rogers ( ROG ) remain committed to the transaction, Dealreporter said, citing another person familiar. The terms of the deal may be revisited if they deal goes passed the deadline.
Late last month Dupont ( DD ) said that it had withdrawn and refiled its planned purchase of Rogers ( ROG ) with China's antitrust regulator and planned to close the deal as soon as possible.
Also last month there was a report that the parties were said to be in discussions with third parties in China as the companies try to advance the review of the $5.2 billion deal.
A Barclays analyst last month speculated about a potential price cut on the Rogers ( ROG ) deal with Nov. 1 termination date approaching.
Dupont is scheduled to report its Q3 results on Nov. 8.
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Dupont's deal for Rogers expected to go past Nov. 1 deadline - report