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Rogers Corporation announced that at a special shareholder meeting, its shareholders voted to approve the previously announced acquisition of Rogers by DuPont de Nemours, Inc. Under the terms of the merger agreement, Rogers’ shareholders will receive $277.00 in cash for every share of Rogers capital stock they own immediately prior to the effective time of the merger.
“We are pleased that Rogers’ shareholders voted to approve the pending acquisition by DuPont,” stated Bruce D. Hoechner, Rogers' President and CEO. “The combination of Rogers and DuPont’s Electronics & Industrial business will provide compelling benefits to our customers and employees as together we leverage our strengths in innovation and advanced materials to bring new solutions to rapidly growing end markets such as Electric and Hybrid Electric Vehicles.”
The final voting results will be set forth in a Form 8-K filed by Rogers with the U.S. Securities and Exchange Commission.
As previously disclosed, the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has expired. The completion of the transaction remains subject to the satisfaction of other customary closing conditions, including receipt of certain non-U.S. regulatory approvals. The companies continue to expect that the transaction will close by the end of the second quarter of 2022.
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