- Rogers Corp. ( NYSE: ROG ) fell 4.1% on a report that Dupont's ( NYSE: DD ) $5.2 billion acquisition has hit an obstacle as far as Chinese approval is concerned. Dupont rose 1.8%.
- The companies reportedly haven't been able to resolve industry worries about the combination of Rogers ( ROG ) and DuPont, according to a report from Capital Forum being circulated among traders.
- The latest update on Chinese review of the deal comes after another report on Friday that the transaction may see a longer review by China's State Administration for Market Regulation. The report indicated that the parties have refiled with SAMR and there have been no formal commitments made by the parties yet and they are still waiting on feedback.
- Rogers ( ROG ) and Dupont earlier this month that the transaction is now expected to close in Q3 after Dupont originally said when the deal was announced in early November it was expected to close in the second quarter of 2022.
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Rogers drops on report that Dupont's acquisition has hit a roadblock in China