Corteva to spin-off its SpinCo.

Corteva, a global pure-play agriculture company that offers the complete solutions farmers, set to spin-off its SpinCo, independent seed and crop genetics company. Financial terms are not disclosed. "Over the past six years, we have taken deliberate steps to build a strong, successful technology company: we simplified our portfolio, reduced cost, invested in high-return endeavors and ensured our pipeline would maximize impact to farmers and returns to the company. As a result, Corteva has become the clear industry leader, with market-leading positions in both crop protection and seed. As we look to the future, we want to best position both businesses to win in their respective markets and accelerate value for shareholders," Chuck Magro Corteva CEO.