DuPont de Nemours Inc.
DD,
+2.62%
stated late Tuesday it has ended its deal to purchase Arizona-based engineered-materials maker Rogers Corp. as the businesses couldn’t get “well timed clearance” from all of the required regulators. DuPont is paying Rogers a termination payment of $162.5 million in accordance with the settlement. The $5.2 billion deal, introduced in November 2021, was anticipated to shut within the third quarter. In September, Dupont stated all events had obtained regulatory approvals for the merger apart from one approval, from China’s State Administration for Market Regulation. Shares of Dupont rose practically 6% within the prolonged session Tuesday, after ending the common buying and selling day up 2.6%.