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US: Corteva completes separation from DowDuPont

 |  June 3, 2019

Corteva successfully completed its separation from DowDuPont, becoming a global pure-play agriculture company that offers complete solutions farmers need to maximize yield and profitability. Corteva Agriscience launches today (June 3, 2019) with global scale and a balanced offering across seed and crop protection.

The seed-and-pesticide maker, formed from the 2017 merger of Dow Chemical and DuPont began trading on the New York Stock Exchange on Monday as an independent entity. Corteva’s shares fell 7.7% in their first morning of trading to $24.89 while shares in competing seed and pesticide makers climbed and major US stock indexes declined slightly.

Corteva’s debut follows Bayer AG’s $63 billion purchase last year of Monsanto, the biggest seed company, and Syngenta AG’s $43 billion sale to China National Chemical Corp., commonly known as ChemChina, in 2017.

Full Content: Wall Street Journal

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