11:03 AM EST, 02/18/2025 (MT Newswires) -- Adecoagro S.A ( AGRO ) said Tuesday in a filing that it received an unsolicited non-binding proposal from Tether Investments that would result in the company holding 51% of Adecoagro ( AGRO ) outstanding common shares.

In the proposal, submitted on Feb. 14, Tether offered to acquire outstanding shares of the company at $12.41 per common share. Tether currently holds 19.4% of Adecoagro ( AGRO ) outstanding common shares.

On Feb. 16, Adecoagro's ( AGRO ) board met to discuss the terms and conditions of the proposal and decided to engage advisors to further assist it in evaluating the proposal, the company said.

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