Update 2:30pm : Adds Rogers declined to comment on reports.
Rogers ( NYSE: ROG ) quickly popped up 2.5% after a report about some settlement talks in China in regards to its sale to Dupont ( NYSE: DD ).
There was some news of settlement talks between the companies and China's antitrust regulator, according to traders, who cited a Capitol Forum report. The companies are said to be working on a remedy with the Chinese regulator.
The latest development comes after Dealreporter earlier Thursday said the Dupont ( DD ) $5.2 billion purchase of Rogers ( ROG ) is facing industrial concerns in China. China's review appears to be facing industrial, not competition concern. There's a chance that the deal will go past a Nov. 1 deadline termination deadline, one source told the publication.
The report circulating in last hour follows a dispatch last month that the companies reportedly hadn't been able to resolve industry worries about the combination.
The latest reports come after a Barclays analyst on Sunday speculated about a potential price cut on the Rogers ( ROG ) deal with Nov. 1 termination date approaching.
Barclays sees a "high probability" that the deal gets done, though ROG/DD is a unique deal where a "renegotiated lower price" scenario may be amenable to both parties," Barclays analyst Michael Leithead wrote in a note on Sunday.
Dupont ( DD ) remains committed to completing the Rogers ( ROG ) deal, according to the Dealreporter item earlier.
Rogers ( ROG ) declined to comment on the reports when reached by Seeking Alpha and referred to comments the company made in its Q2 earnings release last month. Dupont ( DD ) didn't immediately return Seeking Alpha email request for comment.
Earlier this month, a report circulated that the antitrust review process by China's State Administration for Market Regulation appeared to be moving along and e ngagement may start soon.
For further details see:
Rogers gains on report of remedy talks in Chinese review of Dupont deal (update)