Agri-Science Giant Corteva Eyes Breakup To Shield Seed Unit From Future Risks: Report

Corteva Inc. (NYSE:CTVA) is reportedly considering a major restructuring that would split its seed and pesticide operations into two separate entities. The pure-play agriculture company, valued at roughly $50 billion, could announce its plans soon if negotiations stay on track.Corteva offers a portfolio of seed and crop protection solutions.The move would mark another significant shift in the industry amid mounting challenges for farmers and ongoing consolidation among agri-businesses.Also Read: Goldman Sachs Agri Stock Picks: Corteva’s R&D Edge, FMC’s Pipeline, And Mosaic’s Phosphate Advantage Set Up Strong GrowthFormed from the 2019 spinout of DowDuPont, Corteva has seen its stock soar nearly 150% since then, including a 25% gain this year.CEO Chuck Magro, who took charge in 2021 following activist investor pressure, has restructured the company and improved forecasts.The proposed breakup could trigger a wave of mergers and acquisitions across agriculture, similar ...Full story available on Benzinga.comWeiter zum vollständigen Artikel bei Benzinga Weiter zum vollständigen Artikel bei Benzinga