NEW YORK : DuPont De Nemours Inc's decision to scrap its deal to buy Rogers Corp has raised concerns that more Western buyers will follow the lead of the U.S. chemicals company in abandoning acquisitions because Chinese regulators will not clear them.
One merger arbitrage fund investor, who declined to be named, said deals involving Chinese approval will be closely watched in the aftermath of the scrapped DuPont-Rogers deal. Shares of Altra Industrial Motion Corp, a U.S. automation equipment maker which agreed last week to sell itself to Regal Rexnord Corp for $5 billion, traded down almost 1 per cent to $59.19, their biggest discount to the $62-per-share deal price since the transaction was announced.
Xenophobia is not healthy for world peace.