Shares of sustainable production company Adecoagro S.A. ( AGRO ) are surging on Tuesday.

The South American company has revealed a recent non-binding proposal from Tether Investments S.A. de C.V. The offer, if finalized, would result in Tether obtaining a controlling 51% stake in Adecoagro ( AGRO ).

According to a Schedule 13D filing dated November 14, 2024, Tether holds approximately 19.4% of Adecoagro’s outstanding common shares.

On February 14, 2025, Tether made an offer to purchase shares at $12.41 each through a tender offer.

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Adecoagro’s Board of Directors convened on February 16, 2025, to evaluate the proposal. Following a thorough review, the board decided to consult with legal and financial experts to analyze the potential effects of the offer on the company and its shareholders.

A final decision on the proposal has not yet been made. The company said its shareholders are not required to take any action at this time.

Adecoagro ( AGRO ) owns 210.4 thousand hectares of agricultural land, along with multiple industrial sites located in some of the most fertile areas of Argentina, Brazil, and Uruguay.

The company produces more than 2.8 million tons of agricultural goods and generates over 1 million MWh of renewable energy.

Price Action: AGRO shares are trading higher by 12.8% at $11.04 at the last check Tuesday.

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