Adecoagro Receives Offer from Tether Investments to Acquire Majority Stake

Dow Jones

Feb 18, 2025

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)

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