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Corteva completed the separation of its Seed Business into independent publicly traded Vylor through a pro rata dividend in-kind on October 1, 2026, leaving New Corteva as the Crop Protection Business.
Corteva and EIDP delayed their September 30, 2026 quarterly report after the October 1, 2026 seed-segment spin-off. They expect a higher seasonal loss than in 2025 and plan to issue results before the November 12, 2026 earnings call.
Corteva’s separation from Vylor into two independent, publicly traded companies occurred on October 1, 2026. A temporary restraining order issued on October 9, 2026 was stayed on October 10, 2026 pending appeal and is not currently in effect.
Corteva, Inc. completed the separation of its seed operating segment into independently traded Vylor Inc. at 12:03 a.m. New York City time on October 1, 2026, and appointed Luther (“Luke”) Kissam as a director and CEO; Jeff Rudolph became CFO.
Corteva reported that Vylor completed exchanges of EIDP senior notes and consent solicitations on October 1, 2026; accepted notes were retired and canceled, and proposed indenture amendments became operative.
Corteva completed separation of its seed operating segment into independently traded Vylor Inc. on October 1, 2026, distributing one Vylor share for every Corteva share; Vylor began trading on the New York Stock Exchange under “VYLR.”
Corteva completed the separation of its Seed Business into independent publicly traded Vylor Inc. on October 1, 2026. New Corteva reported net sales of $7,840 million for 2025.
On October 1, 2026, Corteva completed the separation of its seed operating segment into Vylor Inc., which became an independent, publicly traded company through a pro rata share distribution to holders of its common stock as of September 24, 2026.
Corteva, Inc. reported final exchange-offer results: 86.97% of 2.300% Senior Notes due 2030, 95.24% of 5.125% Senior Notes due 2032, and 87.93% of 4.800% Senior Notes due 2033 were validly tendered; settlement is expected on or about October 1, 2026.
Following denial of California’s injunction request, Corteva expects to complete the Vylor distribution before 9:30 a.m., New York City time, on October 1, 2026. Corteva waived the Legal Restraints Condition only where noncompliance would result solely from potential governmental orders.
Corteva, Inc. announced that Vylor Inc. extended EIDP, Inc. exchange offers and consent solicitations to 5:00 p.m., New York City time, on September 30, 2026; settlement is expected the first business day afterward if conditions are satisfied or waived.
Corteva announced that the SEC declared Vylor’s Form 10 effective, with separation expected on October 1, 2026. Each Corteva stockholder of record at the close of September 24, 2026 will receive one Vylor share per Corteva share; Vylor is expected to begin trading under “VYLR” that day.
Corteva, Inc.’s EIDP issued $700,000,000 of 6.000% notes due August 15, 2036 for general corporate purposes, including repaying commercial paper borrowings; if the Separation is not completed, EIDP must redeem the notes at 101% plus accrued and unpaid interest.
On September 21, 2026, Vylor filed Amendment No. 3 for Corteva’s planned separation, providing details on the seed segment’s business, strategy and historical financial results as an independent, publicly traded company.
