Express
EXOR: No Intention to Sell Juventus to Tether or Any Other Party
Summary: In response to rumors, the Agnelli family holding company EXOR stated on Saturday that the family has no intention of selling Juventus to Tether or any other party, while rejecting Tether's sudden acquisition proposal for the most successful Italian football club. On December 13, Tether planned to acquire the Italian football club Juventus, intending to ...
In response to rumors, the Agnelli family holding company EXOR stated on Saturday that the family has no intention of selling Juventus to Tether or any other party, while rejecting Tether's sudden acquisition proposal for the most successful Italian football club.
On December 13, Tether planned to acquire the Italian football club Juventus, intending to increase its existing minority stake to 100%. The company announced on Friday that it had submitted a binding all-cash acquisition offer to the club's major shareholder EXOR, aiming to acquire its 65.4% stake. If the deal is reached, Tether will launch a public tender offer for the remaining shares of the club at the same price. Juventus FC SpA, the parent company of Juventus Club, is a listed company with a market value of approximately $925 million based on Friday's closing price.
