Close Menu
    Facebook X (Twitter) Instagram
    Monday, August 18
    X (Twitter) Instagram LinkedIn YouTube
    Chain Tech Daily
    Banner
    • Altcoins
    • Bitcoin
    • Crypto
    • Coinbase
    • Litecoin
    • Ethereum
    • Blockchain
    • Lithosphere News Releases
    Chain Tech Daily
    You are at:Home » Tether attempts ‘unsolicited’ takeover of South American Adecoagro 
    Crypto

    Tether attempts ‘unsolicited’ takeover of South American Adecoagro 

    James WilsonBy James WilsonFebruary 18, 2025No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email



    A South American agribusiness company announced it received an unsolicited, non-binding proposal from Tether Investments.

    The proposal is to acquire a majority stake through a tender offer at $12.41 per share. The deal would give Tether a 51% stake in the company. Tether (USDT), which currently holds approximately 19.4% of Adecoagro’s outstanding shares, submitted the proposal on February 14, 2025. 

    The company’s board met two days later and decided to engage legal and financial advisors to evaluate the offer. The board has not made a final decision and advised shareholders not to take action yet.

    Adecoagro, founded in 2002 and headquartered in Luxembourg, is one of South America’s largest agricultural producers.

    The company manages farmland across Argentina, Brazil, and Uruguay, producing key crops like soybeans, corn, and rice. It is also a major player in the region’s sugar, ethanol, and energy markets.

    Tether’s Adecoagro stake

    Tether Investments has gradually increased its position in Adecoagro over the past year. Its latest public filing on November 14, 2024, disclosed a 19.4% stake. 

    The proposed offer represents a premium over recent market prices, although Adecoagro did not disclose the stock’s trading level before the bid.

    The offer comes as global agricultural markets face increased interest from investors looking for exposure to food production and bioenergy sectors. Adecoagro’s diversified operations and focus on sustainability have positioned it as a key player in the industry.

    “The Board of Directors will respond in due course,” the company stated, emphasizing its commitment to shareholders’ best interests.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleAfrica and Europe’s green opportunity
    Next Article Stories from Bangkok: Devcon SEA Scholars Program
    James Wilson

    Related Posts

    Metaplanet expands Bitcoin holdings with 775 BTC purchase

    August 18, 2025

    Solana validators vote on Alpenglow proposal to cut finality

    August 18, 2025

    These 2 affordable coins could reach $1 sooner than leading coins

    August 18, 2025
    Leave A Reply Cancel Reply

    Don't Miss

    Metaplanet expands Bitcoin holdings with 775 BTC purchase

    AGII Enhances Workflow Diagnostics for More Reliable Blockchain Applications

    Solana validators vote on Alpenglow proposal to cut finality

    These 2 affordable coins could reach $1 sooner than leading coins

    About
    About

    ChainTechDaily.com is your daily destination for the latest news and developments in the cryptocurrency space. Stay updated with expert insights and analysis tailored for crypto enthusiasts and investors alike.

    X (Twitter) Instagram YouTube LinkedIn
    Popular Posts

    Metaplanet expands Bitcoin holdings with 775 BTC purchase

    August 18, 2025

    AGII Enhances Workflow Diagnostics for More Reliable Blockchain Applications

    August 18, 2025

    Solana validators vote on Alpenglow proposal to cut finality

    August 18, 2025
    Lithosphere News Releases

    AGII Enhances Workflow Diagnostics for More Reliable Blockchain Applications

    August 18, 2025

    Imagen Network Enhances Content Discovery and Interaction with Grok AI Integration

    August 15, 2025

    AGII Develops Adaptive Intelligence Layers to Improve Web3 Workflow Precision

    August 15, 2025
    Copyright © 2025

    Type above and press Enter to search. Press Esc to cancel.