TechFlow news, on February 18, according to PRNewswire, South American sustainable production company Adecoagro (NYSE: AGRO) announced it has received a non-binding acquisition proposal from Tether Investments S.A. de C.V.
Tether proposed to increase its stake in Adecoagro to 51% through a tender offer at $12.41 per share. According to Tether's Form 13D filed in November 2024, it currently holds approximately 19.4% of Adecoagro's shares.
Adecoagro's board of directors held a meeting on February 16 to discuss the relevant terms and will engage legal and financial advisors to evaluate the proposal.
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