CTA-A,B
no word on these pfds, that I see
Corteva to split into two independent public companies by 2026
Oct. 01, 2025 7:41 AM ETCorteva, Inc. (CTVA) StockBy: Khushi Singh, SA News Editor
Corteva will separate into two publicly traded companies: New Corteva (crop protection) and SpinCo (seed business).
The spin-off is expected to be completed in the second half of 2026 as a tax-free transaction for U.S. shareholders.
New Corteva will focus on innovative crop protection solutions, including biologicals, with 2025 net sales estimated at $7.8B (44% of Corteva’s total).
SpinCo will concentrate on advanced seed genetics, led by the Pioneer brand, with 2025 net sales projected at $9.9B (56% of total).
Chuck Magro, current Corteva chief excutive officer will lead SpinCo, while Greg Page will become chair of New Corteva.
Corteva reaffirmed its full-year 2025 guidance and confirmed its 2027 value framework remains intact. |
