Corteva’s Spin‑Off of Seed and Genetics Business

On October 1, 2026, Corteva, Inc. (“Corteva”) announced it has successfully spun off its advanced seed and genetics business as a new public company, Vylor, Inc., and will move forward as a leading, pure‑play global crop protection company. Cravath is representing Corteva in connection with the transaction.

The Cravath team is led by partners Thomas E. Dunn, Matthew L. Ploszek and Jihyun Chung and includes associates Armin Hoss, Brian E. Weinrib, Patrick Madden and Y. Amy Chun on M&A matters; partners J. Leonard Teti II and Arvind Ravichandran and associates Megan Samayoa, Frederick Schemel and Yasmeen Shrestha on tax matters; partners Nicholas A. Dorsey and Kelly M. Smercina and associates Kiyon Hahm, Lauri Marjamaki, Jennie Young Carr, E. Liza Park, Elizabeth Perkins and Yang Shao on capital markets matters; partner Sasha Rosenthal‑Larrea, of counsel Carys J. Webb and associates Albert Wong, M. Noa Ma and Nilofar Vakili Calzoni on intellectual property matters; partners Paul H. Zumbro and Evan A. Hill and associate Grace Mooney on restructuring matters; partners Kimberley S. Drexler and William D. Podurgiel, of counsel Zachary R. Smith and associate Melvin Medina on corporate governance matters; partner Eric W. Hilfers, of counsel Sarah W. Colangelo and associate S. Celine Li on executive compensation and benefits matters; partner Margaret T. Segall on antitrust matters; partners Michael T. Reynolds and Wes Earnhardt, of counsel Ming-Toy A. Taylor, practice area attorney Kristina M. Mentone and associates Claire Gianotti, Owen van Ogtrop Robinson, Daniel J. Heintz and Joshua Kipps on litigation matters; of counsels Joyce Law and Brian M. Budnick on real estate matters; and of counsel Annmarie M. Terraciano on environmental matters. Jon Duval and Brian Hartan also worked on litigation matters.