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Tether completes the acquisition of Adecoagro shares, gaining controlling interest.
According to a report by Jinse Finance, Tether Investments has announced that its tender offer for the common stock of agricultural company Adecoagro S.A. (NYSE: AGRO) has been completed. Tether successfully acquired 49,596,510 shares of the company's common stock at a price of $12.41 per share, representing 70% of Adecoagro's issued shares. Due to the oversubscription of this tender offer, Tether will allocate shares at a ratio of approximately 73.9% for valid submissions. This transaction gives Tether control over Adecoagro, marking its further expansion in the physical asset sector.