Tether announced the results of its acquisition offer for the Argentine agricultural company Adecoagro, with an acceptance rate of approximately 73.9%.

According to a message from 深潮 TechFlow on April 25, Tether, the issuer of the stablecoin USDT, announced today the results of its tender offer for Adecoagro S.A. (NYSE: AGRO). According to the announcement, approximately 67.08 million valid applications were received for the tender offer, exceeding the expected acquisition of 49.6 million shares of common stock. Due to the oversubscription, Tether will accept the tendered shares at a ratio of approximately 73.9%, with a purchase price of $12.41 per share.

On March 27, Tether reached a transaction agreement with Adecoagro, intending to acquire up to 70% of the latter's circulating shares through a tender offer, thereby obtaining control. The agreement has been unanimously approved by the Adecoagro board of directors. Tether stated that it will complete the payment process for the accepted shares as soon as possible and will refund the shareholders for the unaccepted shares.