top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.

Forex

The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Stock Market

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.

©Photo: DBT PHOTO BY JACOB OWENS

Clay pottery with table linens
bottom of page