🌽 Tether’s Shocking70% Takeover of Latin Agri-Giant Adecoagro! 🤑

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Imagine this, darlings: Adecoagro S.A., the South American green queen of sustainable production, has just shaken hands (or should we say, exchanged emojis? 😜) with Tether. Yes, that Tether, the one that makes your digital wallet feel stable (most of the time).

Now, don’t get too technical on me, but Tether Investments S.A. de C.V., a fancy name for the Tether fam, is behind this. We’re talking about the big fish that swims in the USDT pond, the world’s numero uno stablecoin. 💰

Here’s the juicy bit: Tether is laying out a fancy dinner invite (read: tender offer) for49,596,510 common shares of Adecoagro. They’re ready to whip out $12.41 per share, aiming for a whopping70% slice of the ownership pie. 🥧

Hold your horses, though! The deal’s got a few ‘ifs and buts’, like Tether needing to charm at least51% of the shares. Because, you know, every romance needs its terms and conditions. 💌

Tether’s all heart eyes for Adecoagro, eager to back their noble quest: churning out food and renewable energy in Argentina, Brazil, and Uruguay. Eco-warriors, unite! 🌱💪

This little transaction tango is set to fill Adecoagro’s pockets, fueling their dreams of grandeur. Think bigger, better, and greener in the agro-industrial playground. 🚜🌍

When Tether Played Hard to Get

Back in February, Tether played the unsolicited, non-binding proposal card. A cheeky move to snag51% of Adecoagro at $12.41 per share. Already holding19.4%, they were clearly not ones to shy away from commitment. 💍

This proposal dropped on Valentine’s Day (aww, how romantic), with Adecoagro’s board scrambling to play matchmaker with advisors two days later. Love in the time of agri-business, anyone? 💕

Farming: Not Just for Old MacDonald Anymore

Adecoagro, not just a pretty face, is a powerhouse across Argentina, Brazil, and Uruguay. They’re in the business of turning land into gold, and we’re not just talking crops. Think sugar, ethanol, and enough energy to light up a small country. 🔥

With210,400 hectares under their belt and a squad of industrial facilities, they’re raking in over2.8 million tons of goodies and cranking out1 million MWh of renewable electricity per annum. Now that’s what I call a productive year! 🌟

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2025-03-27 18:46