Adecoagro Continuing Discussions With Tether
Adecoagro S.A. (NYSE: AGRO), a leading sustainable production company in South America, has announced the continuation of discussions with Tether Investments S.A. de C.V. regarding a potential acquisition proposal. The proposed tender offer would involve Tether acquiring outstanding Common Shares at $12.41 per share, aiming to achieve a 51% ownership of the Company's outstanding Common Shares.
Both parties have agreed to extend their Exclusivity Letter's expiration date through March 30, 2025. The Company emphasizes that there are no guarantees regarding the execution of a definitive agreement, transaction completion, or specific terms and conditions. Shareholders are not required to take any action at this time.
Adecoagro S.A. (NYSE: AGRO), un'azienda leader nella produzione sostenibile in America Latina, ha annunciato la continuazione delle discussioni con Tether Investments S.A. de C.V. riguardo a una proposta di acquisizione potenziale. L'offerta pubblica proposta comporterebbe l'acquisto da parte di Tether delle azioni ordinarie in circolazione a $12,41 per azione, con l'obiettivo di raggiungere una proprietà del 51% delle azioni ordinarie in circolazione della Società.
Entrambe le parti hanno concordato di estendere la data di scadenza della loro Lettera di Esclusività fino al 30 marzo 2025. La Società sottolinea che non ci sono garanzie riguardo all'esecuzione di un accordo definitivo, al completamento della transazione o a termini e condizioni specifici. Gli azionisti non sono tenuti a intraprendere alcuna azione in questo momento.
Adecoagro S.A. (NYSE: AGRO), una empresa líder en producción sostenible en América del Sur, ha anunciado la continuación de las discusiones con Tether Investments S.A. de C.V. sobre una propuesta de adquisición potencial. La oferta pública propuesta implicaría que Tether adquiriera acciones ordinarias en circulación a $12.41 por acción, con el objetivo de alcanzar una propiedad del 51% de las acciones ordinarias en circulación de la Compañía.
Ambas partes han acordado extender la fecha de vencimiento de su Carta de Exclusividad hasta el 30 de marzo de 2025. La Compañía enfatiza que no hay garantías respecto a la ejecución de un acuerdo definitivo, la finalización de la transacción o términos y condiciones específicos. Los accionistas no están obligados a tomar ninguna acción en este momento.
Adecoagro S.A. (NYSE: AGRO), 남미의 선도적인 지속 가능한 생산 기업이, Tether Investments S.A. de C.V.와 잠재적인 인수 제안에 대한 논의를 계속한다고 발표했습니다. 제안된 공개 매수는 Tether가 주당 $12.41에 유통 중인 일반 주식을 인수하여 회사의 유통 중인 일반 주식의 51% 소유권을 달성하는 것을 포함합니다.
양측은 그들의 독점 계약의 만료 날짜를 2025년 3월 30일까지 연장하기로 합의했습니다. 회사는 최종 계약의 실행, 거래 완료 또는 특정 조건에 대한 보장이 없음을 강조합니다. 주주들은 현재 어떤 조치를 취할 필요가 없습니다.
Adecoagro S.A. (NYSE: AGRO), une entreprise leader dans la production durable en Amérique du Sud, a annoncé la poursuite des discussions avec Tether Investments S.A. de C.V. concernant une proposition d'acquisition potentielle. L'offre publique proposée impliquerait que Tether acquière des actions ordinaires en circulation à 12,41 $ par action, visant à atteindre une propriété de 51% des actions ordinaires en circulation de la Société.
Les deux parties ont convenu de prolonger la date d'expiration de leur Lettre d'Exclusivité jusqu'au 30 mars 2025. La Société souligne qu'il n'y a aucune garantie concernant l'exécution d'un accord définitif, la finalisation de la transaction ou des termes et conditions spécifiques. Les actionnaires ne sont pas tenus de prendre des mesures à ce moment.
Adecoagro S.A. (NYSE: AGRO), ein führendes Unternehmen für nachhaltige Produktion in Südamerika, hat die Fortsetzung der Gespräche mit Tether Investments S.A. de C.V. über einen potenziellen Übernahmevorschlag angekündigt. Das vorgeschlagene Übernahmeangebot würde den Erwerb von ausstehenden Stammaktien durch Tether zu einem Preis von $12,41 pro Aktie beinhalten, mit dem Ziel, eine 51%ige Beteiligung an den ausstehenden Stammaktien des Unternehmens zu erreichen.
Beide Parteien haben vereinbart, das Ablaufdatum ihres Exklusivitätsbriefs bis zum 30. März 2025 zu verlängern. Das Unternehmen betont, dass es keine Garantien hinsichtlich der Ausführung eines endgültigen Vertrags, des Abschlusses der Transaktion oder spezifischer Bedingungen gibt. Die Aktionäre sind derzeit nicht verpflichtet, Maßnahmen zu ergreifen.
- Potential acquisition offer at $12.41 per share indicates market interest in the company
- Extension of exclusivity agreement shows continued serious negotiations
- No guarantee of deal completion or final terms
- Potential change in controlling ownership could affect company direction
No assurances can be given that a definitive agreement will be entered into, that any transaction will be consummated, or the timing, terms or conditions of any such transaction. The Company's Board of Directors and management team are committed to enhancing shareholder value.
The Company does not intend to comment further on market speculation or disclose any developments unless and until it otherwise deems further disclosure is appropriate or required. The Company's shareholders are not required to take any action at this time.
About Adecoagro:
Adecoagro is a leading sustainable production company in
For questions please contact:
Victoria Cabello
IR Officer
Email: ir@adecoagro.com
No Offer or Solicitation; Additional Information and Where to Find It
The tender offer referenced in this communication has not yet commenced. This announcement is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell securities. The solicitation and offer to buy the Company's securities will only be made pursuant to an Offer to Purchase and related tender offer materials. At the time the tender offer is commenced, Tether will be required to file a tender offer statement on Schedule TO and thereafter the Company will file a Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC with respect to the tender offer. THE TENDER OFFER MATERIALS (INCLUDING AN OFFER TO PURCHASE, A RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER TENDER OFFER DOCUMENTS) AND THE SOLICITATION/RECOMMENDATION STATEMENT ON SCHEDULE 14D-9 WILL CONTAIN IMPORTANT INFORMATION. THE COMPANY'S STOCKHOLDERS ARE URGED TO READ THESE DOCUMENTS CAREFULLY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION THAT HOLDERS OF THE COMPANY'S SECURITIES SHOULD CONSIDER BEFORE MAKING ANY DECISION REGARDING TENDERING THEIR SECURITIES. These materials will be made available to the Company's stockholders at no expense to them. The tender offer materials and the Solicitation/Recommendation Statement will be made available for free at the SEC's website at www.sec.gov. Copies of the documents filed by the Company with the SEC by will be available free of charge on the Company's internet website at www.adecoagro.com or by contacting the Company's investor relations department at ir@adecoagro.com.
Forward Looking Statements
This release contains information that may constitute forward-looking statements for purposes of applicable securities laws. Forward-looking statements can be identified by the fact that they do not relate strictly to historic or current facts and often use words such as "anticipate," "estimate," "expect," "believe," "will likely result," "outlook," "project" and other words and expressions of similar meaning. Investors are cautioned not to place undue reliance on forward-looking statements. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including, but not limited to, those set forth in the "Risk Factors" section of the Company's Form 20-F for the fiscal year ended December 31, 2023 and subsequent filings with the SEC. The Company may not succeed in addressing these and other risks. Consequently, all forward-looking statements in this release are qualified by the factors, risks and uncertainties contained therein. In addition, the forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point, the Company specifically disclaims any obligation to do so, other than as required by federal securities laws. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of this release.
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SOURCE Adecoagro S.A.
FAQ
What is the proposed tender offer price for Adecoagro (AGRO) shares by Tether Investments?
What percentage of Adecoagro (AGRO) is Tether looking to acquire?
When does the exclusivity agreement between Adecoagro (AGRO) and Tether expire?
Do Adecoagro (AGRO) shareholders need to take any action regarding the Tether tender offer?
