KEY TAKEAWAYS
- Tether successfully completed its tender offer to acquire shares of Adecoagro S.A., purchasing up to 49,596,510 shares at $12.41 each.
- The offer was oversubscribed, leading to a proration factor of approximately 73.9% for share purchases.
- This acquisition is part of Tether’s strategy to gain a controlling interest in Adecoagro, with unanimous approval from Adecoagro’s Board of Directors.
- Investors are cautioned about forward-looking statements that may involve risks and uncertainties.
On April 25, 2025, Tether Investments, S.A. de C.V. (“Tether”), part of the Tether Group known for issuing USDT ($1.00), the world’s largest stablecoin, announced the results of its tender offer to acquire shares of Adecoagro S.A. (NYSE: AGRO). The offer, which expired at midnight on April 24, 2025, aimed to purchase up to 49,596,510 common shares at $12.41 per share in cash.
The tender offer was oversubscribed, with a total of 67,075,545 common shares validly tendered. As a result, Tether will apply a proration factor of approximately 73.9% to determine the number of shares each shareholder will sell. This means Tether will purchase a percentage of shares from each tendering shareholder based on this proration factor.
The acquisition follows a transaction agreement announced on March 27, 2025, where Tether and Adecoagro agreed on Tether acquiring a controlling interest through a tender offer for up to 70% of Adecoagro’s outstanding shares. The agreement received unanimous approval from Adecoagro’s Board of Directors.
Computershare Trust Company, N.A., the depositary for the offer, will facilitate the payment for accepted shares and return any shares not accepted due to the proration factor as promptly as possible. The full announcement can be found here.
Investors are advised to consider the forward-looking statements included in the announcement, which highlight potential risks and uncertainties. These statements are subject to change and should not be relied upon as definitive forecasts.
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The post Tether Completes Tender Offer for Adecoagro Shares Amid Oversubscription appeared first on CoinsHolder.
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