January 28, 2013
HBK Capital Management is planning to raise about $90m through the sale of
HBK Capital Management is planning to raise about $90m through the sale of its shares in Brazil's Adecoagro, according to regulatory documents, in a deal expected Wednesday. The US investment firm plans to sell 10m shares, assuming a 15% greenshoe, meaning a $92m deal based on Friday's $9.17 closing price. Morgan Stanley is managing. The shares are sold out of the HBK Master Fund, and represent its entire 17.09% stake.