Corteva Board Approves Vylor Spin-Off, Sets Oct. 1 Distribution
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Indianapolis – September 17, 2026 -- Corteva's Board of Directors has approved the separation of the company's seed operating segment into a new independent, publicly traded entity, Vylor Inc., with the stock distribution scheduled for October 1, 2026.
Board declares pro rata stock dividend of Vylor shares
Corteva stockholders of record as of the close of business on September 24, 2026, will receive one share of Vylor common stock for every Corteva share held. Any fractional shares will be settled in cash, and the distribution is intended to be tax-free to Corteva stockholders for U.S. federal income tax purposes, excluding cash received for fractional shares.