Corteva spinoff of Vylor clears after California bid to block separation fails
CTVA•Corteva’s planned seed-business spinoff into Vylor moved back on track after a district court rejected California’s request to block the separation. The share distribution is expected to be completed before 9:30 a.m. New York time on Oct. 1, 2026.
1. Separation moves ahead
A Fourth Circuit reversal sent California’s bid to delay the separation back to the district court without weighing its merits. The district court then rejected California’s request to block the separation, and Corteva waived a closing condition tied to potential government orders that could have restrained the distribution.
