Corteva Says Court Denies California's Bid to Delay Seed Business Spinoff

07:38 AM EDT, 10/01/2026 (MT Newswires) -- Corteva (CTVA) said Thursday that a US District Court has denied California's request to temporarily block the planned separation of its seed business into a new publicly traded company called Vylor. Corteva's board last month approved the separation, with shareholders receiving one share of Vylor common stock for every Corteva share held, with the distribution planned for Oct. 1. The distribution is expected to be completed by 9:30 am ET on Thursday, the company said in a filing with the Securities and Exchange Commission. Shares of Corteva were down more than 77% in pre-bell activity on Thursday.