TechFlow news, April 25 — According to an official announcement today, Tether, the issuer of stablecoin USDT, revealed the results of its tender offer for Adecoagro S.A. (NYSE: AGRO). The tender offer received valid tenders of approximately 67.08 million shares, exceeding the targeted acquisition of 49.6 million ordinary shares. Due to oversubscription, Tether will accept shares at a ratio of approximately 73.9%, with an acquisition price of USD 12.41 per share.
Previously, on March 27, Tether reached a transaction agreement with Adecoagro to acquire up to 70% of its outstanding shares through a tender offer, thereby obtaining controlling interest. The agreement has been unanimously approved by Adecoagro's board of directors. Tether stated it will promptly complete payment for accepted shares and return unsubscribed shares to shareholders.
