Overview
- Tether’s offer to buy Exor’s 65.4% stake is priced at €2.66 per share, valuing Juventus at about €1.1 billion and representing roughly a 20.7% premium to the December 11 closing price.
- Exor has publicly stated there are no negotiations and that Juventus is not for sale.
- Tether already holds about 11.5% of Juventus and has board representation through Francesco Garino.
- The bidder says the acquisition would be financed with its own resources with no financing conditions, and it pledges about €1 billion to strengthen the team and develop the club if the deal completes.
- If Exor accepts, Tether expects to negotiate a definitive agreement, seek approvals from competent authorities, and launch a mandatory tender offer for remaining shares at the same price.