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Tether completes tender offer for shares in Adecoagro and obtains controlling stake

Internet reports that according to official sources, Tether Investments announced its commitment to agricultural company Aecoagro S.A. (NYSE: AGRO) A tender offer for common stock has been completed, and Tether successfully acquired 49,596,510 common shares of the company at a price of $12.41 per share, accounting for 70% of Adecoagro's issued shares. Due to oversubscription in this offer, Tether will place the validly submitted shares at a ratio of approximately 73.9%. This transaction gives Tether a controlling stake in Adecoagro, marking its further deployment in the physical asset sector.

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