Corteva Shares Plunge 83% on Vylor Spin-off, Hit Record Low
Corteva (CTVA) shares plummeted 83% to an all-time low on Thursday following the completion of its spin-off of the seed and genetics business, Vylor (VYLR). Shareholders received one Vylor share for each Corteva share held as of September 24.
Shares of Corteva (CTVA) fell 83% to an all-time low on Thursday after the agricultural company completed the spin-off of its seed and genetics business, Vylor (VYLR). Corteva shareholders received one Vylor share for every Corteva share they held as of September 24. After the spin-off, CTVA’s market…