LUXEMBOURG, Feb. 25,
2025 /PRNewswire/ -- Adecoagro S.A. (NYSE: AGRO) (the
"Company"), a leading sustainable production company in
South America, announces it is
engaging in discussions with Tether Investments S.A.
de C.V. ("Tether") on Tether's proposal
to acquire outstanding Common Shares of the Company at a price of
$12.41 per Common Share through a
tender offer that would result in Tether collectively
holding 51% of the outstanding Common Shares of the Company. The
Company has entered into an Exclusivity Letter to facilitate
further negotiations with Tether.
No assurances can be given that a definitive agreement will be
entered into, that any transaction will be consummated, or the
timing, terms or conditions of any such transaction. The
Company's Board of Directors and management team are
committed to enhancing shareholder value.
The Company does not intend to comment further on market
speculation or disclose any developments unless and until it
otherwise deems further disclosure is appropriate or
required. The Company's shareholders are not required to take
any action at this time.
About Adecoagro:
Adecoagro is a leading sustainable production company in
South America. Adecoagro owns
210.4 thousand hectares of farmland, and several industrial
facilities spread across the most productive regions of
Argentina, Brazil and Uruguay, where it produces over 2.8 million
tons of agricultural products and over 1 million MWh of renewable
electricity.
For questions please contact:
Victoria Cabello
IR Officer
Email: ir@adecoagro.com
No Offer or Solicitation; Additional Information and Where to
Find It
The tender offer referenced in this communication has not yet
commenced. This announcement is for informational purposes
only and is neither an offer to purchase nor a solicitation of an
offer to sell securities. The solicitation and offer to buy
the Company's securities will only be made pursuant to an Offer to
Purchase and related tender offer materials. At the time the
tender offer is commenced, Tether will be required to
file a tender offer statement on Schedule TO and thereafter the
Company will file a Solicitation/Recommendation Statement on
Schedule 14D-9 with the SEC with respect to the tender offer.
THE TENDER OFFER MATERIALS (INCLUDING AN OFFER TO PURCHASE, A
RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER TENDER OFFER
DOCUMENTS) AND THE SOLICITATION/RECOMMENDATION STATEMENT ON
SCHEDULE 14D-9 WILL CONTAIN IMPORTANT INFORMATION. THE
COMPANY'S STOCKHOLDERS ARE URGED TO READ THESE DOCUMENTS CAREFULLY
WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION THAT HOLDERS OF THE COMPANY'S SECURITIES SHOULD
CONSIDER BEFORE MAKING ANY DECISION REGARDING TENDERING THEIR
SECURITIES. These materials will be made available to the
Company's stockholders at no expense to them. The tender
offer materials and the Solicitation/Recommendation Statement will
be made available for free at the SEC's website at
www.sec.gov. Copies of the documents filed by the Company
with the SEC by will be available free of charge on the Company's
internet website at www.adecoagro.com or by contacting the
Company's investor relations department at ir@adecoagro.com.
Forward Looking Statements
This release contains information that may constitute
forward-looking statements for purposes of applicable securities
laws. Forward-looking statements can be identified by the fact that
they do not relate strictly to historic or current facts and often
use words such as "anticipate," "estimate," "expect," "believe,"
"will likely result," "outlook," "project" and other words and
expressions of similar meaning. Investors are cautioned not to
place undue reliance on forward-looking statements. Actual results
may differ materially from those indicated by such forward-looking
statements as a result of various important factors, including, but
not limited to, those set forth in the "Risk Factors" section of
the Company's Form 20-F for the fiscal year ended December 31, 2023 and subsequent filings with the
SEC. The Company may not succeed in addressing these and other
risks. Consequently, all forward-looking statements in this release
are qualified by the factors, risks and uncertainties contained
therein. In addition, the forward-looking statements included in
this press release represent the Company's views as of the date of
this press release and these views could change. However, while the
Company may elect to update these forward-looking statements at
some point, the Company specifically disclaims any obligation to do
so, other than as required by federal securities laws. These
forward-looking statements should not be relied upon as
representing the Company's views as of any date subsequent to the
date of this release.
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SOURCE Adecoagro S.A.
