DuPont announced Tuesday night it is terminating its $5.2 billion deal to acquire Rogers because the companies were unable to obtain clearance from all required regulators. In September, they said they had received all needed approvals except from China.
DuPont has not commented beyond a short announcement. It will pay Rogers a $162.5 million termination fee.
In a statement, Rogers said it is evaluating “all options to determine the best path forward.” The company said it maintains a “strong competitive position” in growing markets such as electric vehicles and “a robust pipeline of opportunities.”
Rogers would have been DuPont’s largest acquisition since splitting from Dow Chemical in 2019.
At that time DowDuPont’s materials sciences business, including plastics, paints and skin care products, went to Dow, the seed, pesticide and herbicide businesses went to Corteva Agriscience and DuPont took on the rest. That included everything from legacy Kevlar and Tyvek to dietary supplements, solar panel parts and fire-retardant clothing.