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EXOR: Do not intend to sell Juventus to Tether or any other party
On December 14, the Agnelli family holding company EXOR stated on Saturday that the family has no intention of selling Juventus to Tether or any other party, and also rejected Tether’s surprise acquisition proposal for Italy’s most successful football club. BlockBeats previously reported that on December 13, Tether planned to acquire Juventus, intending to increase its existing minority stake to 100%. In a statement on Friday, the company said it had submitted a binding all-cash takeover offer to the club’s major shareholder, EXOR, to purchase its 65.4% stake. If the deal is completed, Tether will launch a mandatory public tender offer to acquire the remaining shares of the club at the same price. Juventus FC SpA, the parent company of Juventus, is a listed company with a market value of approximately $925 million based on Friday’s closing price.