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Corteva Agriscience completes its separation from DowDuPont, on June 1 launching with global scale and a balanced offering across seed and crop protection.

Jim Collins, Corteva CEO (center) and Jim Byrne, New York Stock Exchange Head of U.S Listings, were joined by Corteva executives and customers as they rang the opening bell.

With a presence in more than 140 countries, Corteva Agriscience generated $14 billion in net sales in 2018. The company has more than 150 research and development facilities and more than 65 active ingredients. Corteva's brands include Pioneer, Granular, Brevant seeds, as well as Crop Protection products.

The distribution of Corteva common stock was completed on June 1 with each DowDuPont stockholder of record receiving one share of Corteva common stock for every three shares of DowDuPont common stock held. DowDuPont stockholders also receive cash in lieu of any fractional Corteva shares.

Corteva is trading under the ticker symbol "CTVA" and debuted at $32/share. The company is added to the S&P 500 index.

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Title Annotation:FYI NEWS & NOTES
Publication:Agri Marketing
Date:Jun 1, 2019
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