Corteva's Board of Directors has formally approved the separation of its seed operating segment into a new, independent public company named Vylor Inc. The separation will be executed as a tax-free spin-off through a pro rata dividend of all Vylor common stock to Corteva's existing shareholders.
Key Details
- Distribution Ratio: Corteva shareholders will receive one share of Vylor common stock for each share of Corteva common stock held.
- Record Date: The distribution is for shareholders of record as of the close of business on September 24, 2026.
- Distribution Date: The transaction is expected to be completed before 9:30 a.m. ET on October 1, 2026.
- Public Listing: Vylor Inc. is expected to begin "regular way" trading on the NYSE under the ticker symbol "VYLR" on October 1, 2026.