Adecoagro Engaging In Discussions With Tether
Adecoagro S.A. (NYSE: AGRO), a leading sustainable production company in South America, has announced it is in discussions with Tether Investments S.A. de C.V. regarding a potential acquisition offer. Tether has proposed to acquire outstanding Common Shares of Adecoagro at $12.41 per share through a tender offer that would result in Tether holding 51% of the outstanding Common Shares.
The companies have entered into an Exclusivity Letter to facilitate further negotiations. However, Adecoagro emphasized that no assurances can be given that a definitive agreement will be reached, that any transaction will be consummated, or what the timing, terms, or conditions might be.
Adecoagro's Board of Directors and management team stated they remain committed to enhancing shareholder value. The company does not plan to comment further on market speculation unless further disclosure becomes appropriate or required, and shareholders are not required to take any action at this time.
Adecoagro S.A. (NYSE: AGRO), una delle principali aziende di produzione sostenibile in America del Sud, ha annunciato di essere in discussione con Tether Investments S.A. de C.V. riguardo a un potenziale offerta di acquisizione. Tether ha proposto di acquisire le azioni comuni in circolazione di Adecoagro a $12,41 per azione tramite un'offerta pubblica di acquisto che porterebbe Tether a detenere il 51% delle azioni comuni in circolazione.
Le aziende hanno firmato una Lettera di Esclusività per facilitare ulteriori negoziazioni. Tuttavia, Adecoagro ha sottolineato che non possono essere fornite garanzie che venga raggiunto un accordo definitivo, che qualsiasi transazione venga conclusa, o quali possano essere i tempi, i termini o le condizioni.
Il Consiglio di Amministrazione e il team di gestione di Adecoagro hanno dichiarato di rimanere impegnati a migliorare il valore per gli azionisti. L'azienda non prevede di commentare ulteriormente sulle speculazioni di mercato a meno che non diventi appropriato o necessario fornire ulteriori informazioni, e gli azionisti non sono tenuti a intraprendere alcuna azione in questo momento.
Adecoagro S.A. (NYSE: AGRO), una de las principales empresas de producción sostenible en América del Sur, ha anunciado que está en conversaciones con Tether Investments S.A. de C.V. sobre una posible oferta de adquisición. Tether ha propuesto adquirir las acciones comunes en circulación de Adecoagro a $12.41 por acción a través de una oferta pública que resultaría en que Tether posea el 51% de las acciones comunes en circulación.
Las empresas han firmado una Carta de Exclusividad para facilitar negociaciones adicionales. Sin embargo, Adecoagro enfatizó que no se pueden dar garantías de que se alcanzará un acuerdo definitivo, que se consumará alguna transacción, o cuáles podrían ser los tiempos, términos o condiciones.
La Junta Directiva y el equipo de gestión de Adecoagro han declarado que siguen comprometidos a aumentar el valor para los accionistas. La empresa no planea comentar más sobre especulaciones del mercado a menos que sea apropiado o necesario realizar más divulgaciones, y los accionistas no están obligados a tomar ninguna acción en este momento.
Adecoagro S.A. (NYSE: AGRO), 남미의 선도적인 지속 가능한 생산 회사는 Tether Investments S.A. de C.V.와 잠재적인 인수 제안에 대해 논의 중이라고 발표했습니다. Tether는 Adecoagro의 미발행 보통주를 주당 $12.41에 인수하겠다고 제안했으며, 이는 Tether가 미발행 보통주의 51%를 보유하게 되는 결과를 초래할 것입니다.
양사는 추가 협상을 촉진하기 위해 독점 계약을 체결했습니다. 그러나 Adecoagro는 최종 계약이 체결되거나 거래가 성사될 것이라는 보장을 할 수 없으며, 시기, 조건 또는 조항이 무엇일지에 대해서도 알 수 없다고 강조했습니다.
Adecoagro의 이사회와 경영진은 주주 가치를 높이는 데 전념하고 있다고 밝혔습니다. 회사는 추가 공개가 적절하거나 필요해지지 않는 한 시장의 추측에 대해 추가로 언급할 계획이 없으며, 주주들은 현재 아무런 조치를 취할 필요가 없습니다.
Adecoagro S.A. (NYSE: AGRO), une entreprise leader en production durable en Amérique du Sud, a annoncé qu'elle était en discussions avec Tether Investments S.A. de C.V. concernant une offre d'acquisition potentielle. Tether a proposé d'acquérir les actions ordinaires en circulation d'Adecoagro à 12,41 $ par action par le biais d'une offre publique qui permettrait à Tether de détenir 51 % des actions ordinaires en circulation.
Les entreprises ont signé une Lettre d'Exclusivité pour faciliter des négociations supplémentaires. Cependant, Adecoagro a souligné qu'aucune garantie ne peut être donnée quant à la conclusion d'un accord définitif, à la réalisation d'une transaction ou aux délais, conditions ou modalités qui pourraient s'appliquer.
Le Conseil d'Administration et l'équipe de direction d'Adecoagro ont déclaré qu'ils restent engagés à accroître la valeur pour les actionnaires. L'entreprise ne prévoit pas de commenter davantage les spéculations du marché, sauf si des divulgations supplémentaires deviennent appropriées ou nécessaires, et les actionnaires ne sont pas tenus de prendre des mesures à ce stade.
Adecoagro S.A. (NYSE: AGRO), ein führendes Unternehmen für nachhaltige Produktion in Südamerika, hat bekannt gegeben, dass es in Gesprächen mit Tether Investments S.A. de C.V. über ein potenzielles Übernahmeangebot ist. Tether hat vorgeschlagen, die ausstehenden Stammaktien von Adecoagro zu einem Preis von 12,41 $ pro Aktie im Rahmen eines Übernahmeangebots zu erwerben, was dazu führen würde, dass Tether 51% der ausstehenden Stammaktien hält.
Die Unternehmen haben eine Exklusivitätsvereinbarung unterzeichnet, um weitere Verhandlungen zu erleichtern. Adecoagro betonte jedoch, dass keine Garantien gegeben werden können, dass ein endgültiger Vertrag zustande kommt, dass eine Transaktion abgeschlossen wird oder welche Zeitrahmen, Bedingungen oder Konditionen gelten könnten.
Der Vorstand und das Management-Team von Adecoagro erklärten, dass sie sich weiterhin verpflichtet fühlen, den Wert für die Aktionäre zu steigern. Das Unternehmen plant, keine weiteren Kommentare zu Marktspekulationen abzugeben, es sei denn, weitere Offenlegungen werden angemessen oder erforderlich, und die Aktionäre sind derzeit nicht verpflichtet, Maßnahmen zu ergreifen.
- Potential acquisition offer at $12.41 per share
- Exclusivity agreement signed to facilitate negotiations
- Board committed to enhancing shareholder value
- Potential for premium pricing in acquisition
- No guarantee that a definitive agreement will be reached
- Uncertainty about final terms and conditions
- Potential change in controlling ownership (51% stake)
Insights
Tether Investments' proposal to acquire a 51% controlling stake in Adecoagro at
The exclusivity agreement signals serious intent and typically indicates advanced discussions, though investors should recognize that agricultural acquisitions face regulatory scrutiny in South America, where foreign ownership of productive land can trigger governmental reviews. The
For current AGRO shareholders, this offer creates a classic risk-arbitrage scenario. The
This potential transaction reflects broader consolidation trends in global agriculture, where sustainable production capabilities are increasingly valuable assets amid climate change concerns and food security priorities. AGRO's operations across Argentina, Brazil and Uruguay provide diversified exposure to key agricultural export markets.
Investors should watch for several potential outcomes: deal completion at the announced price, a revised offer following negotiations, competing bids emerging during this process, or negotiations terminating without a transaction. The Board's standard language about "enhancing shareholder value" suggests they're open to the offer but will evaluate it against AGRO's standalone prospects and potential alternative suitors.
While no immediate action is required, shareholders now face an asymmetric risk profile - near-term upside beyond the offer price but potential downside if the deal collapses. Long-term investors should evaluate whether the premium adequately compensates for surrendering future growth potential in AGRO's sustainable agriculture platform.
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 offer price per share in Tether's proposal to acquire Adecoagro (AGRO)?
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Do Adecoagro (AGRO) shareholders need to take any action regarding the Tether acquisition proposal?
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