Adecoagro rises after receiving majority stake offer from crypto firm Tether
** Shares of sustainable production company Adecoagro S.A. rise 8.7% premarket after receiving unsolicited proposal from Tether Investments ** Tether Investments proposes to increase stake in AGRO to 51% from around 19.4%, AGRO says ** Tether offers to acquire co's common shares at $12.41 per share, nearly 27% premium to Friday's closing price of $9.79 ** Adecoagro produces agricultural products and over 1 million MWh of renewable electricity across facilities in Argentina, Brazil and Uruguay ** Tether is issuer of USDT stablecoin, world's largest stablecoin and fourth-biggest crypto currency with market capitalization of over $141 billion, according to CoinGecko ** Move is latest foray from Tether Investments, which on Friday said it had become minority shareholder in Italian soccer club Juventus ** AGRO says board of directors met February 16 to discuss Tether's offer, will respond in due course** Up to Friday's close, AGRO shares up 3.8% YTD after falling 15% in 2024