Summary
EIDP, Inc. (CTA-PB) has filed an 8-K report detailing significant corporate changes stemming from the separation of DowDuPont's agriculture business. Effective June 3, 2019, E. I. du Pont de Nemours and Company (Historical DuPont) will operate under the name "Corteva Agriscience" and is now a subsidiary of Corteva, Inc. This restructuring followed DowDuPont's pro rata distribution of Corteva, Inc. common stock to its shareholders and subsequent internal reorganizations. For investors holding EIDP, Inc.'s preferred stock (Series $3.50 and Series $4.50), these shares remain outstanding and were unaffected by the distribution and reorganizations. However, they will trade under new NYSE ticker symbols, "CTAPrA" and "CTAPrB," respectively, effective June 3, 2019, moving from their previous "DDPrA" and "DDPrB" symbols. Corteva, Inc. is now the successor issuer to Historical DuPont.
Key Highlights
- 1E. I. du Pont de Nemours and Company (Historical DuPont) will be renamed "Corteva Agriscience" effective June 3, 2019.
- 2Historical DuPont is now a subsidiary of Corteva, Inc. following DowDuPont's agriculture business separation.
- 3Corteva, Inc. is the successor issuer to Historical DuPont under SEC rules.
- 4Preferred Stock-$3.50 Series (CTA-PB) and Preferred Stock-$4.50 Series remain outstanding and unaffected by the corporate changes.
- 5The Preferred Stock-$3.50 Series will trade under the new ticker symbol "CTAPrA" starting June 3, 2019.
- 6The Preferred Stock-$4.50 Series will trade under the new ticker symbol "CTAPrB" starting June 3, 2019.
- 7Previous ticker symbols "DDPrA" and "DDPrB" for the preferred stocks are no longer in use.