ROG

Rogers Corporation (NYSE:ROG) collapsed over 40% in after-market trading yesterday after Dupont de Nemours, Inc. (NYSE:DD) withdrew its planned buyout of the specialty engineered materials company. Meanwhile, DD shares rose 5.6% in after-hours trading on the news. Dupont pulled back its planned $5.2 billion acquisition of Rogers due to a lack of timely regulatory clearance, especially from the Chinese antitrust review. The scheduled time of acquiring approvals ended on Tuesday, and hence, the announcement of acquisition termination. Rogers will receive a termination fee of $162.5 million from Dupont. Dupont first offered to buy Rogers in November of last year.
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