Corteva, Inc. has completed the separation of its Seed Business into a new, independent publicly traded company named Vylor Inc. The spin-off was finalized on October 1, 2026, through a pro rata dividend of all outstanding Vylor common stock to Corteva shareholders. The remaining company, referred to as 'New Corteva,' will now operate as a focused Crop Protection business.
Key Details
- Transaction: The separation was structured as a tax-free spin-off of the Seed Business.
- Effective Date: The transaction was completed on October 1, 2026.
- Distribution: The spin-off was executed via a pro rata dividend to Corteva stockholders of record as of the close of business on September 24, 2026.
- Post-Spin Structure: 'New Corteva' consists of the remaining Crop Protection business. For accounting purposes, Vylor Inc. is treated as the 'accounting successor' to the pre-spin Corteva.