Corteva announces new $3B share repurchase program

Corteva (CTVA) announced that its board of directors authorized a new $3B share repurchase program. The authorization is immediately effective, does not expire, and gives management discretion in determining the conditions under which shares may be purchased. This newly authorized program is in addition to the company’s existing $2B program announced in September 2022, which had approximately $750M remaining as of September 30.