Reported about 6 hours ago
Corteva's shares dropped by approximately 4% following reports that the agrichemicals company is exploring a potential separation of its seed and crop protection businesses. This move has raised concerns about operational disruptions and value dilution, as the integrated business model has historically provided strong synergies. Analysts suggest that the split lacks clear strategic motives and could weaken both divisions, particularly affecting the company's research and development capabilities. Despite the dip, Corteva's stock has risen about 26% this year, with a market cap of around $50.45 billion.
Source: YAHOO