SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bob Rudd who wrote (77238)3/27/2025 9:14:35 AM
From: E_K_S  Read Replies (1) of 78478
 
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of the transaction is subject to certain closing conditions, including there being validly tendered and not validly withdrawn a number of Common Shares that, when added to the Common Shares already owned by Tether, represents at least 51% of the outstanding Common Shares on a fully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.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext