Corteva (CTVA) is exploring a breakup that would separate its seed and pesticide businesses into two separate companies, Lauren Thomas and Patrick Thomas of Wall Street Journal report, citing people familiar with the matter. The company could announce its plans soon, sources tell the Journal. Splitting off Corteva’s crop-seed unit from its pesticide business could help shield the company’s seeds from any potential future liabilities, the paper adds. Shares of Corteva are up 3% to $75.13 following the report.
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