2 Nov 2021
DuPont Closes In on $5 Billion Deal to Buy Rogers
The Index Today
The renowned industrials maker DuPont is proceeding with talks to purchase Rogers, an engineering materials firm for $5 billion. The company has offered to pay $275 a share according to reports published by Bloomberg.
The price per share offer would be 32% premium in comparison to its last offer, giving Rogers a significant market value of approximately $3.9 billion. The takeover deal by DuPont is aimed at expanding the company’s portfolio and advancing in sectors including electronics which has a high demand in other industries.
Last March, DuPont finalized a deal to buy Laird Performance Materials for $2.3 billion. The new deal is expected to be complete by this week after the company releases its earnings reports for the third-quarter.
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