Form SC14D9C - Written communication relating to third party tender offer
17 Marzo 2025 - 1:00PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14D-9
(Rule 14d-101)
Solicitation/Recommendation Statement
Under Section 14(d)(4) of the Securities Exchange
Act of 1934
Adecoagro S.A.
(Name of Subject Company)
Adecoagro S.A.
(Name of Persons Filing Statement)
Common Shares, par value $1.50 per share
(Title of Class of Securities)
L00849106
(CUSIP Number of Class of Securities)
Manuela Lamellari
28, Boulevard F.W. Raiffeisen,
L-2411, Luxembourg
Grand Duchy of Luxembourg
Tel: +352.2644.9372
(Name, address, and telephone numbers of person
authorized to receive notices and communications
on behalf of the persons filing statement)
With copies to:
Maurice Blanco
James Dougherty
Davis Polk & Wardwell LLP
450 Lexington Avenue
New York, New York 10017
(212) 450-4000
☒ |
Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer. |
This Schedule 14D-9 filing relates solely to preliminary communications
concerning the proposal by Tether Investments S.A. de C.V. (“Tether”) to acquire outstanding Common Shares of Adecoagro S.A
(the “Company”) through a tender offer that would result in Tether holding 51% of the outstanding Common Shares of the Company.
This Schedule 14D-9 filing consists of the following communication
listed below related to the proposed tender offer:
| 1. | Press Release dated March 17, 2025 titled “Adecoagro Continuing Discussions With Tether” |
No Offer or Solicitation; Additional Information
and Where to Find It
The tender offer referenced in this communication
has not yet commenced. This announcement is for informational purposes only and is neither an offer to purchase nor a solicitation
of an offer to sell securities. The solicitation and offer to buy the Company’s securities will only be made pursuant to an
Offer to Purchase and related tender offer materials. At the time the tender offer is commenced, Tether will be required to file
a tender offer statement on Schedule TO and thereafter the Company will file a Solicitation/Recommendation Statement on Schedule 14D-9
with the SEC with respect to the tender offer. THE TENDER OFFER MATERIALS (INCLUDING AN OFFER TO PURCHASE, A RELATED LETTER OF
TRANSMITTAL AND CERTAIN OTHER TENDER OFFER DOCUMENTS) AND THE SOLICITATION/RECOMMENDATION STATEMENT ON SCHEDULE 14D-9 WILL CONTAIN IMPORTANT
INFORMATION. THE COMPANY’S STOCKHOLDERS ARE URGED TO READ THESE DOCUMENTS CAREFULLY WHEN THEY BECOME AVAILABLE BECAUSE THEY
WILL CONTAIN IMPORTANT INFORMATION THAT HOLDERS OF THE COMPANY’S SECURITIES SHOULD CONSIDER BEFORE MAKING ANY DECISION REGARDING
TENDERING THEIR SECURITIES. These materials will be made available to the Company’s stockholders at no expense to them.
The tender offer materials and the Solicitation/Recommendation Statement will be made available for free at the SEC's website at www.sec.gov.
Copies of the documents filed by the Company with the SEC by will be available free of charge on the Company’s internet website
at www.adecoagro.com or by contacting the Company’s investor
relations department at ir@adecoagro.com.
Forward Looking Statements
This communication contains information that may constitute
forward-looking statements for purposes of applicable securities laws. Forward-looking statements can be identified by the fact that they
do not relate strictly to historic or current facts and often use words such as “anticipate,” “estimate,” “expect,”
“believe,” “will likely result,” “outlook,” “project” and other words and expressions
of similar meaning. Investors are cautioned not to place undue reliance on forward-looking statements. Actual results may differ materially
from those indicated by such forward-looking statements as a result of various important factors, including, but not limited to, those
set forth in the “Risk Factors” section of the Company’s Form 20-F for the fiscal year ended December 31, 2023 and subsequent
filings with the SEC. The Company may not succeed in addressing these and other risks. Consequently, all forward-looking statements in
this communication are qualified by the factors, risks and uncertainties contained therein. In addition, the forward-looking statements
included in this communication represent the Company’s views as of the date of this communication and these views could change.
However, while the Company may elect to update these forward-looking statements at some point, the Company specifically disclaims any
obligation to do so, other than as required by federal securities laws. These forward-looking statements should not be relied upon as
representing the Company’s views as of any date subsequent to the date of this communication.
Adecoagro Continuing Discussions
With Tether
LUXEMBOURG,
March 17, 2025/PRNewswire/ -- Adecoagro S.A. (NYSE: AGRO) (the “Company”), a leading sustainable production company in South
America, announces it is continuing discussions with Tether Investments S.A. de C.V. (“Tether”) 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, 2025.
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. The Company’s Board of Directors and management team are committed to enhancing shareholder
value.
The
Company does not intend to comment further on market speculation or disclose any developments unless and until it otherwise deems further
disclosure is appropriate or required. The Company’s shareholders are not required to take any action at this time.
About
Adecoagro:
Adecoagro
is a leading sustainable production company in South America. Adecoagro owns 210.4 thousand hectares of farmland, and several industrial
facilities spread across the most productive regions of Argentina, Brazil and Uruguay, where it produces over 2.8 million tons of agricultural
products and over 1 million MWh of renewable electricity.
For
questions please contact:
Victoria
Cabello
IR
Officer
Email:
ir@adecoagro.com
No
Offer or Solicitation; Additional Information and Where to Find It
The
tender offer referenced in this communication has not yet commenced. This announcement is for informational purposes only and is
neither an offer to purchase nor a solicitation of an offer to sell securities. The solicitation and offer to buy the Company’s
securities will only be made pursuant to an Offer to Purchase and related tender offer materials. At the time the tender offer
is commenced, Tether will be required to file a tender offer statement on Schedule TO and thereafter the Company will file a Solicitation/Recommendation
Statement on Schedule 14D-9 with the SEC with respect to the tender offer. THE TENDER OFFER MATERIALS (INCLUDING AN OFFER TO
PURCHASE, A RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER TENDER OFFER DOCUMENTS) AND THE SOLICITATION/RECOMMENDATION STATEMENT ON
SCHEDULE 14D-9 WILL CONTAIN IMPORTANT INFORMATION. THE COMPANY’S STOCKHOLDERS ARE URGED TO READ THESE DOCUMENTS CAREFULLY
WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION THAT HOLDERS OF THE COMPANY’S SECURITIES SHOULD CONSIDER
BEFORE MAKING ANY DECISION REGARDING TENDERING THEIR SECURITIES. These materials will be made available to the Company’s
stockholders at no expense to them. The tender offer materials and the Solicitation/Recommendation Statement will be made available
for free at the SEC's website at www.sec.gov. Copies of the documents filed by the Company with the SEC by will be available free
of charge on the Company’s internet website at www.adecoagro.com
or by contacting the Company’s investor relations department at ir@adecoagro.com.
Forward
Looking Statements
This
release contains information that may constitute forward-looking statements for purposes of applicable securities laws. Forward-looking
statements can be identified by the fact that they do not relate strictly to historic or current facts and often use words such as “anticipate,”
“estimate,” “expect,” “believe,” “will likely result,” “outlook,” “project”
and other words and expressions of similar meaning. Investors are cautioned not to place undue reliance on forward-looking statements.
Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors,
including, but not limited to, those set forth in the “Risk Factors” section of the Company’s Form 20-F for the fiscal
year ended December 31, 2023 and subsequent filings with the SEC. The Company may not succeed in addressing these and other risks. Consequently,
all forward-looking statements in this release are qualified by the factors, risks and uncertainties contained therein. In addition,
the forward-looking statements included in this press release represent the Company’s views as of the date of this press release
and these views could change. However, while the Company may elect to update these forward-looking statements at some point, the Company
specifically disclaims any obligation to do so, other than as required by federal securities laws. These forward-looking statements should
not be relied upon as representing the Company’s views as of any date subsequent to the date of this release.
Grafico Azioni Adecoagro (NYSE:AGRO)
Storico
Da Mar 2025 a Apr 2025
Grafico Azioni Adecoagro (NYSE:AGRO)
Storico
Da Apr 2024 a Apr 2025