DuPont Ends Rogers Acquisition. Blame China Regulators.

After a wild series of events, stock in materials giant


DuPont


rose while shares of DuPont’s almost-merger partner


Rogers Corp.


plummeted.

Here’s what happened: DuPont (ticker: DD) on Tuesday completed the sale of its mobility and materials segment to


Celanese


(CE) for $11 billion. That cash coming into DuPont’s coffers was going to be used, in part, to buy fast-growing specialty materials company Rogers (ROG). But on Tuesday DuPont announced the termination of the Rogers deal as “the companies have been unable to obtain timely clearance from all the required regulators.”