Re: Adecoagro S.A. (AGRO) 12.00+0.85 (+7.62%)
Adecoagro Announces It Has Entered Into A Transaction Agreement With Tether Investments
LUXEMBOURG, March 27, 2025 /PRNewswire/ -- Adecoagro S.A. (NYSE: AGRO) ("Adecoagro" or the "Company"), a leading sustainable production company in South America and TetherInvestments S.A. de C.V. ("Tether"), a member of the Tether Group which includes the issuer of USDT, the world's largest stablecoin, today announced that they have entered into a Transaction Agreement. Pursuant to the terms of the agreement, which has been unanimously approved by Adecoagro's Board of Directors, Tether will promptly commence a tender offer to acquire up to 49,596,510 Common Shares of the Company at a price in cash of $12.41 per Common Share (representing, when added to the Shares already owned by Tether, approximately 70% of the outstanding Common Shares of the Company). The closing of the transaction is subject to certain closing conditions, including there being validly tendered and not validly withdrawn a number of Common Shares that, when added to the Common Shares already owned by Tether, represents at least 51% of the outstanding Common Shares on a fully diluted basis. --------------------------------------------------
Way to stay w/ this company. I have been in & out of this stock. Excellent land assets in Brazil. Could we see Private Equity show interest in Gladstone Land Corp (LAND) or even Boswell [J.G.] Co. (BWEL); LAND selling at 0.55x BV. |