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Tether proposes to buy majority stake in Aecoagro for $385 million

According to Bloomberg, Tether Holdings has proposed to acquire a majority stake in South American agricultural and energy company Aecoagro SA for approximately $385 million, and plans to increase its stake to more than 51% through a $12.41 per share offer. Tether said it would retain Adecoagro’s senior management team after the acquisition and develop a new strategic plan.

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