Tether, the Crypto company behind USDT stableecoin of $ 140 billion, made an “unsolicited” proposal to acquire a majority share in Latin American agricultural producer manufacturer Agrodeco (Agro).
Posted on February 14 was the offer of $ 12.41 per
The Adecoagro board met on February 16 to discuss the bid and have included financial and legal advisers to decide whether to accept the offer in accordance with shareholders’ interests, the company says.
Adecoagros Shares ran 8% Premarket to $ 10.48 in the Premarket trade in New York.
Adecoagro is a great player in South America’s Agribusiness sector that focuses on sugar, ethanol, dairy and crop production and operates across Argentina, Brazil and Uruguay.
Tether’s investment offering comes as the company is expanding beyond its core crypto business. StableCOin emitter said it was rocking $ 13 billion in net profits last year.
Read more: Tether’s $ 100 MIO
