Public

On November 2, 2022, Rogers Corporation (ROG) disclosed the termination of its merger agreement with DuPont because of the absence of regulatory approval by the State Administration for Market Regulation of China (SAMR).

In connection with the termination of the merger agreement, Rogers has received a regulatory termination fee of $162.5 million from DuPont.

On this news, ROG shares dropped over 44%, losing almost $2 billion of its market capitalization.

Before this announcement, the DuPont/Rogers $ 5.2 billion deal seemed to be going smoothly. As such Investors and Shareholders of both Companies have grounds to suspect that the regulator in China acted with negligence or conducted malpractice.

Rogers Corporation

Attorney Investigation

Mismanagement

Fraud

Malpractice

Negligence

Breach of Fiduciary duty

Omissions

Government Authority

Stocks

Long

Rogers Corporation engages in the design, development, manufacture, and sale of engineered materials and components worldwide. It operates through Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS), and Other segments. The AES segment offers circuit materials, ceramic substrate materials, busbars, and cooling solutions for applications in electric and hybrid electric vehicles (EV/HEV), wireless infrastructure, automotive, renewable energy, aerospace and defense, mass transit, industrial, connected devices, and wired infrastructure. This segment sells its products under the curamik, ROLINX, RO4000, RO3000, RT/duroid, CLTE Series, TMM, AD Series, DiClad, CuClad Series, Kappa, COOLSPAN, TC Series, IsoClad, MAGTREX, IM, 2929 Bondply, SpeedWave Prepreg, RO4400/RO4400T, and Radix names. The EMS segment provides engineered material solutions, including polyurethane and silicone materials used in cushioning, gasketing, sealing, and vibration management applications; customized silicones used in flex heater and semiconductor thermal applications; and polytetrafluoroethylene and ultra-high molecular weight polyethylene materials used in wire and cable protection, electrical insulation, conduction and shielding, hose and belt protection, vibration management, cushioning, gasketing and sealing, and venting applications. This segment sells its products under the PORON, BISCO, DeWAL, ARLON, eSorba, XRD, Silicone Engineering, and R/bak names. The Other segment provides elastomer components; and elastomer floats for level sensing in fuel tanks, motors, and storage tanks for applications in the general industrial and automotive markets under the ENDUR and NITROPHYL names. The company was founded in 1832 and is headquartered in Chandler, Arizona.

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