Corteva approves October 1 spin-off of seed business Vylor
Filed with the SEC on · Summarized by InvestorsBot
Corteva’s board approved the separation of its seed operating segment into Vylor, with Corteva shareholders of record on September 24, 2026, set to receive one Vylor share for each Corteva share held. Vylor is expected to begin when-issued trading under “VYLR WI” on September 25 and regular-way trading under “VYLR” on October 1, when the distribution is expected before 9:30 a.m. EDT; the transaction is intended to be tax-free for U.S. federal income tax purposes, except for cash paid for fractional shares.