Adecoagro announces continuing discussions with Tether Investments

Adecoagro (AGRO) announces it is continuing discussions with Tether Investments 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 and Tether have agreed to extend the expiration date of the previously executed Exclusivity Letter through March 30. 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.