By Denny Jacob
Adecoagro disclosed it received an unsolicited non-binding proposal from Tether Investments that would boost its stake in the company to that of majority owner.
Tether, which has a 19% stake in the sustainable production company, offered to acquire shares at $12.41 a share through a tender offer that would push its holding up to 51% of Adecoagro.
Adecoagro said its board held a meeting on Sunday to discuss the offer and will respond in due course.
Shares of Adecoagro rose 6.5% to $10.43 in premarket trading.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
February 18, 2025 08:11 ET (13:11 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。