DuPont (DD) Stock Slips on Weak Outlook, Acquires Rogers (ROG) for $5.2 Billion

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DuPont (DD) PT Lowered to $93 at BofA Securities

November 3, 2021 8:38 AM EDT

BofA Securities analyst Steve Byrne lowered the price target on DuPont (NYSE: DD) to $93.00 (from $94.00) while maintaining a Buy rating.

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DuPont (DD) Acquires Rogers Corporation (ROG) for $5.2B

November 2, 2021 5:59 AM EDT

DuPont (NYSE: DD) today announced a series of actions advancing its strategy as a premier multi-industrial company focused on market-leading high-growth, high-margin businesses with complementary technology and financial characteristics.

DuPont has entered into a definitive agreement to acquire Rogers Corporation (NYSE: ROG) for $5.2 billion, or $277 per share in cash. Rogers is a global leader in engineered materials and components, with unmatched application engineering expertise and leading positions in markets where its advanced technology solutions offer competitive advantages. Its value-added products include high-frequency circuit materials, ceramic substrates for power... More