Not CO elimination/addition with “ring slippage” but rather a concerted straightening and bending of the two C5H5 rings in 2 is responsible for ring interchange. The reaction was studied by high-pressure 1H and 13C NMR measurements of 1/CO. The activation barrier for the ring interchange is 13.5 ± 1 kcal mol−1. An analysis of the electronic situation in 2 explains this unusual behavior.
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Millar et al. (1990) studied this question.
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