- Rogers ( NYSE: ROG ) is said to me making some progress in China's review of the Dupont ( NYSE: DD ) deal. Rogers initially ticked up on the news, though is now slightly negative.
- The parties are said to be in discussions with third parties in China as the companies try to advanced the Chinese review of the $5.2 billion deal, according to traders, who cited a report that's circulating. Competition concerns are said to have been dismissed, though industrial concerns are the last obstacle for approval.
- The latest update comes after a report a week ago about some settlement talks between the parties and China's antitrust regulator. The companies were said to be working on a remedy with the Chinese regulator. Dealreporter last Thursday also said that the deal is facing industrial concerns in China, not competition issues.
- The report circulating today said that while there is progress, it still may be difficult to see China approval before the Nov. 1 termination date.
- A Barclays analyst earlier this month speculated about a potential price cut on the Rogers ( ROG ) deal with Nov. 1 termination date approaching.
For further details see:
Rogers said to make some progress in China review of Dupont deal