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DuPont announced it will acquire Rogers Corporation in an all-cash transaction valued at approximately $5.2 billion. Rogers shareholders will receive $277 per share. Rogers will be integrated into DuPont's Electronics & Industrial business unit.
Rogers Corporation has acquired Griswold LLC, a manufacturer of custom-engineered cellular elastomer and high-performance polyurethane. Terms were not disclosed; trailing twelve-month revenues for Griswold were nearly US$30 million.