(Reuters) -Corteva said on Wednesday it would split its seed and pesticide businesses into two publicly traded companies in a bid to pursue focused growth.
This is the latest of big-ticket splits this decade ranging from Kraft Heinz to Warner Bros Discovery as corporate America works to improve shareholder returns amid geopolitical uncertainties and a tough supply chain environment.
Here is a list of some of the biggest U.S. corporate splits from the recent past.
YEAR COMPANY DESCRIPTION
2025 Corteva Corteva will separate its seed and
pesticide businesses into separate
publicly traded companies by the
second half of 2026.
2025 Kraft Heinz Kraft Heinz would split into two
publicly listed companies as the
Lunchables parent looks to reverse
several years of weak sales.
2025 Warner Bros Warner Bros Discovery will split into
Discovery two companies, separating its studios
and streaming business from its cable
television networks, in a tax-free
transaction.
2025 Honeywell Honeywell decided to split into three
listed companies, separating its
aerospace and automation businesses
into separate entities, alongside its
previously announced spin-off of the
advanced materials unit.
2024 Fortive Industrial products maker Fortive
says it would spin off its Precision
Technologies segment, creating two
independent, publicly traded
companies
2024 DuPont DuPont says it will separate its
electronics and water businesses in
tax-free transactions, while the new
DuPont will continue as a diversified
industrial company.
2024 Masimo Corp Masimo says it is evaluating a
proposed spinoff of its consumer
business, including its consumer
health and audio products. The firm
says it will retain its healthcare
and telehealth products, and that the
spinoff will improve the
profitability of its healthcare
business.
2023 Lionsgate Lionsgate says it will spin off its
studio unit in a blank-check deal.
Says its studio business will merge
with the Screaming Eagle Acquisition
Corp SPAC to create a new public firm
for Lionsgate's film and television
assets.
2023 Citigroup Citi says it will split its Mexico
retail unit, Banamex, from its
corporate and investment banking
business in the country by the second
half of 2024. The retail unit should
begin the process of going public in
2025.
2023 Edwards Edwards Lifesciences says it will
Lifesciences spin off its critical care unit at
the end of 2024 to concentrate on its
larger heart devices business.
2023 Western Western Digital says it will spin off
Digital its flash memory business - that has
been grappling with a supply glut -
after talks to merge the unit with
Japan's Kioxia stall.
2022 Medtronic Medtronic says it will spin off its
patient-monitoring and respiratory
interventions businesses into a new
company as it seeks a streamlined
portfolio and faster revenue growth.
2022 Danaher Corp Medical technology firm Danaher Corp
says it will separate its
Environmental & Applied Solutions
segment to grow its Life Sciences and
Diagnostics businesses.
2022 Laboratory Labcorp says it will spin off its
Corp of wholly owned business focused on
America clinical drug trials. Its Fortrea
Holdings clinical development unit is now
listed on the Nasdaq.
2022 3M Co 3M Co says it plans to spin off its
healthcare business into a separate
public-listed company. It says the
new company will be called Solventum
and names Bryan Hanson CEO.
2022 Kellogg Co Kellogg spins off its North American
cereals business into WK Kellogg Co
and its global snacking business into
Kellanova.
2022 AT&T AT&T spins off WarnerMedia in a $43
billion transaction to merge its
media properties with Discovery Inc.
The new company is called Warner Bros
Discovery.
2021 Johnson & Johnson & Johnson says it plans to
Johnson break up into two companies,
splitting its consumer health
division. In 2023, it spins off and
lists its consumer health business,
Kenvue.
2021 General General Electric says it will split
Electric Co into three public companies focusing
on energy, healthcare and aviation.
It spins off its health division, GE
HealthCare, in 2023, followed by GE
Aerospace and its energy unit GE
Vernova in April 2024.
2021 IBM IBM spins off a large chunk of its
company - the managed and
infrastructure business - as
Kyndryl in November, as the
century-old tech company sheds its
slow-growing business to focus on its
high-margin cloud and artificial
intelligence businesses.
2020 United In March, United Technologies
Technologies Corp approves the spinoffs of Carrier
Global Corporation and Otis Worldwide
Corporation.
2019 DuPont DowDuPont Inc spins off its materials
science division Dow Inc in April and
agriscience company Corteva in June -
part of its split into three
companies.
2016 Honeywell In September, Honeywell International
International Inc, a U.S. manufacturer of aerospace
parts and climate control
systems, approves the spinoff of its
$1.3 billion resins and chemicals
operations into a standalone company,
AdvanSix Inc.
2015 Hewlett In November, Hewlett-Packard splits
Packard Co into two listed companies: Hewlett
Packard Enterprise, comprising its
corporate hardware and service
business, and Hewlett-Packard,
renamed HP Inc, consisting of its
computers and printers business.
2015 Ebay Inc In June, e-commerce firm eBay
approves the spinoff of PayPal.
1984 AT&T Inc The U.S. government files an
antitrust lawsuit against AT&T Corp
in 1974 because of its monopoly over
telephone lines. After eight years of
litigation, the two sides reach a
settlement and AT&T gives up
control of its regional operating
companies, Baby Bells.
(Reporting by Pranav Mathur, Vallari Srivastava, Deborah Sophia, Kannaki Deka, Neil J Kanatt and Juveria Tabassum in Bengaluru and Lewis Krauskopf in New York; Editing by Maju Samuel and Arun Koyyur)
