10:21 AM EST, 02/25/2025 (MT Newswires) -- Adecoagro ( AGRO ) said Tuesday has started exclusive discussions with Tether Investments, which is seeking to acquire 51% of the agriculture company's shares for $12.41 per share.

The digital assets manager disclosed in a regulatory filing Tuesday that the exclusive talks are slated to run through March 16. The companies said they had signed an exclusivity agreement, which Tether also said contains a standstill provision barring Tether from acquiring or selling any Adecoagro ( AGRO ) shares until the current discussions are completed.

Tether said it recently increased its equity stake in Adecoagro ( AGRO ) to nearly 20.4 million shares, or just over 20% of Adecoagro's ( AGRO ) outstanding stock.

Adecoagro ( AGRO ) said there is no guarantee the current talks will produce a deal, adding it does not plan to make any public statement unless there is a material development requiring its disclosure.

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