ADECOAGRO S.A. Buyback
OLI recorded this information on 9/26/2016
Company:
ADECOAGRO S.A.
Buyback:
AGRO buyback
Share Amount Authorized:
5% of outstanding common shares
Buyback Details:
ADECOAGRO S.A. (NYSE:AGRO), a leading agricultural company in South America, announced today that on August 9, 2016, its Board of Directors approved the extension of the Company's share repurchase program for and additional twelve-month period, ending on September 23, 2017. Under the buyback program, the Company can continue acquiring common shares up to 5% of its outstanding shares.
Adecoagro is a holding company. Through its subsidiaries, Co. is an agroindustrial company in South America, with operations in Argentina, Brazil, and Uruguay. Co. is engaged in three main businesses: Farming, which includes crop business that produces a range of agricultural commodities, rice business, dairy business that transforms forage and grains into animal protein, and all other segments business consisting of leasing pasture land to cattle farmers in Argentina; Sugar, Ethanol and Energy, which cultivates and harvests sugarcane that is processed in its own mills to produce sugar, ethanol and energy; and Land Transformation, which acquires underdeveloped or underutilized farmlands.
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Avg. Broker Rec.
  
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Hold (2.50 out of 4) 6th percentile
(ranked lower than approx. 94% of all stocks covered)
Analysts' Target Price: AGRO Stock Forecast Based on Zacks ABR data; powered by Xignite |
