{"id":13682,"date":"2025-02-18T13:49:40","date_gmt":"2025-02-18T13:49:40","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=13682"},"modified":"2025-02-18T13:49:40","modified_gmt":"2025-02-18T13:49:40","slug":"tether-made-unsolicited-for-majority-stake-in-1b-latam-agribusiness-adecoagro","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=13682","title":{"rendered":"Tether Made &#8216;Unsolicited&#8217; for Majority Stake in $1B LatAm Agribusiness Adecoagro"},"content":{"rendered":"<div>\n<p>Tether, the crypto firm behind the $140 billion dollar USDT stablecoin, made an &#8220;unsolicited&#8221; proposal to acquire a majority stake in Latin American agricultural commodities producer firm Agrodeco (AGRO).<\/p>\n<\/p>\n<p>Submitted on Feb. 14, the $12.41 per share offer was to bring to Tether&#8217;s stake in the company from the current 19.4% to 51%, according to a <a href=\"https:\/\/www.prnewswire.com\/news-releases\/adecoagro-announces-receipt-of-unsolicited-proposal-302378835.html\" target=\"_blank\">Tuesday press release<\/a> by Adecoagro.<\/p>\n<\/p>\n<p>The Adecoagro board met on Feb. 16 to discuss the bid and has engaged financial and legal advisors to determine whether accepting the offer aligns with shareholders&#8217; interests, the company said.<\/p>\n<\/p>\n<p>Adecoagro&#8217;s shares jumped 8% premarket to $10.48 in premarket trading in New York.<\/p>\n<\/p>\n<p>Adecoagro is a major player in South America\u2019s agribusiness sector focusing on sugar, ethanol, dairy, and crop production and operating across Argentina, Brazil, and Uruguay.<\/p>\n<\/p>\n<p>Tether&#8217;s investment offer comes as the company is expanding beyond its core crypto business. The stablecoin issuer said it raked in $13 billion in net profits last year.<\/p>\n<\/p>\n<p>Read more: <a href=\"https:\/\/www.coindesk.com\/business\/2024\/09\/09\/tethers-100m-investment-in-latam-agriculture-firm-may-be-a-tokenization-play\" target=\"_blank\">Tether&#8217;s $100M Investment in LatAm Agriculture Firm May Be a Tokenization Play<\/a><\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tether, the crypto firm behind the $140 billion dollar USDT stablecoin, made an &#8220;unsolicited&#8221; proposal to acquire a majority stake in Latin American agricultural commodities producer firm Agrodeco (AGRO). Submitted on Feb. 14, the $12.41 per share offer was to bring to Tether&#8217;s stake in the company from the current 19.4% to 51%, according to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-13682","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13682"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13682\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}