Corteva shares fall 83% after Vylor seed spinoff; 15 states sue over PFAS liabilities

Corteva stock fell as much as 83% after it spun off its seed business as Vylor, with shareholders receiving one Vylor share per CTVA share; Vylor projects up to $11.9bn in 2029 sales and Corteva up to $8.7bn. Fifteen U.S. states have filed a fraud lawsuit alleging the spinoff fraudulently sheds the seed company's PFAS liabilities, saying DuPont successors Corteva and Vylor owe tens of billions in PFAS costs.

Detected & updated continuously · Source: Nebula