Corteva completes spin-off of seed business as Vylor begins trading
-83.81% to $12.57 from $77.65
What moved CTVA
- Corteva’s distribution of Vylor shares to its stockholders was completed before 9:30 a.m. New York time on October 1.
- Corteva stockholders of record as of the September 24 record date received one share of Vylor common stock for every Corteva share held.
- Vylor Inc. began regular-way trading on the NYSE under the ticker VYLR on October 1.
- The spin-off was structured to be tax-free to Corteva shareholders for U.S. federal income tax purposes, apart from cash received for fractional shares.
Sources: TipRanks