DuPont announced the termination of its agreement to acquire Rogers Corporation because the companies failed to obtain timely approval from all necessary regulatory agencies. DuPont will pay Rogers $162.5 million in compensation.

Rogers' GAAP net income for 3 months of 2022 was $16.6 million, down 46.8% from $31.2 million in the previous year. Revenue increased 8.3% to $248.3 million from $229.3 million a year earlier.

Rogers' GAAP net income for 2021 was $108.133 million, up 2.2 times from $49.99 million in the previous year. Revenue increased 16.2% to $932.886 million from $802.583 million a year earlier.

DuPont announced the acquisition of Rogers, a company that manufactures construction materials. DuPont will pay about $5.2 billion, or $277 per share, for Rogers. The deal is scheduled to close in Q2 2022.