🚀 Tether to Propose Board Candidates at Juventus Shareholder Meeting
#Tether #Juventus #ShareholderMeeting #BoardCandidates #Governance #CapitalIncrease #Exor #AgnelliFamily #Football #Investment
According to BlockBeats, Tether plans to submit its own list of board candidates at the upcoming annual shareholder meeting of Italian football club Juventus. Tether currently holds a 10.7% stake in Juventus, making it the club's second-largest shareholder after Exor, the investment company of the Agnelli family, which holds 65%.
The annual shareholder meeting is scheduled for November 7, where voting on the board's re-election will take place. Tether also intends to propose some "governance structure adjustments" during the meeting, although specific details have not been disclosed.
Additionally, Tether announced its intention to participate in Juventus's board-proposed capital increase plan, which could reach up to 110 million euros (approximately 129 million dollars). Exor has already contributed nearly 30 million euros to this capital increase.#Tether #Juventus #ShareholderMeeting #BoardCandidates #Governance #CapitalIncrease #Exor #AgnelliFamily #Football #Investment
🚀 Tether Proposes Acquisition of Juventus Stake from Exor
#Tether #Juventus #Exor #FootballInvestment #Acquisition #PublicTender #RegulatoryApproval #AgnelliFamily
According to ChainCatcher, Tether has submitted a binding all-cash offer to Exor to acquire its entire stake in Juventus Football Club, representing 65.4% of the issued share capital. The completion of the transaction is contingent upon Exor's acceptance, the signing of final documents, and obtaining necessary regulatory approvals.
Following the transaction, Tether plans to launch a public tender offer for the remaining shares at the same per-share price, with all funds sourced from its own capital. Tether has committed to a long-term investment in the club, pledging €1 billion to support and develop Juventus if the deal is finalized.
Market sources indicate that the Agnelli family, which holds controlling interest in the club, does not intend to sell its shares.#Tether #Juventus #Exor #FootballInvestment #Acquisition #PublicTender #RegulatoryApproval #AgnelliFamily
🚀 Exor Rejects Tether's Bid for Juventus Stake
#Exor #Tether #Juventus #FootballClub #AgnelliFamily #ElSalvador #SharePurchase #SportsBusiness
According to PANews, Exor has announced that its board has unanimously rejected Tether's offer to acquire all of Exor's shares in Juventus Football Club. Exor reiterated its previous stance, stating it has no intention of selling its Juventus shares to any third party, including Tether, which is based in El Salvador.
Earlier reports indicated that Tether planned to make an all-cash purchase of 65.4% of Juventus Football Club shares held by Exor. Sources familiar with the matter revealed that the Agnelli family, which holds the controlling interest in the club, does not intend to sell its shares.#Exor #Tether #Juventus #FootballClub #AgnelliFamily #ElSalvador #SharePurchase #SportsBusiness
🚀 Exor Rejects Tether's Acquisition Proposal for Juventus
#Exor #Tether #Juventus #Acquisition #FootballClub #Shareholders #Investment #CEO #BusinessNews
According to Odaily, Exor, the holding company of Juventus Football Club, announced on Saturday that its board of directors unanimously rejected a comprehensive acquisition proposal from Tether. Tether had previously submitted a binding all-cash offer to acquire Exor's 65.4% controlling stake in Juventus at a price of 2.66 euros per share, valuing the club at slightly over 1 billion euros. If successful, Tether planned to launch a full tender offer for the remaining shares and invest up to an additional 1 billion euros to support the club's development. Exor CEO John Elkann stated, "Juventus, our history, and our values are not for sale." Exor reiterated its intention not to sell any of its Juventus shares to third parties. Since February, Tether has increased its stake in Juventus to over 10% and successfully nominated Francesco Garino to the board last month.#Exor #Tether #Juventus #Acquisition #FootballClub #Shareholders #Investment #CEO #BusinessNews
🚀 Juventus Shares Surge After Tether's Acquisition Offer Rejected
#Juventus #SharesSurge #Tether #AcquisitionOffer #Exor #AgnelliFamily #Crypto #Football #MarketValue #Equita #CapitalIncrease #NetDebt
According to BlockBeats, Juventus shares rose nearly 14% on Monday following the rejection of a significant acquisition offer from the crypto group Tether. The offer, which exceeded 1 billion euros, was turned down by the Agnelli family, who control the Italian football club through their holding company, Exor. Despite Tether's proposal being 21% above Friday's closing price, Exor announced it had no intention of selling any shares of the club.
Equita analyst Martino De Ambroggi noted that Juventus represents about 2% of Exor's net assets based on last Friday's market value. If the sale had proceeded, Exor's net debt could have been reduced by approximately 650 million euros to around 1.6 billion euros. However, Juventus has been a valuable asset for Exor, contributing to a capital increase of about 600 million euros over the past six years.#Juventus #SharesSurge #Tether #AcquisitionOffer #Exor #AgnelliFamily #Crypto #Football #MarketValue #Equita #CapitalIncrease #NetDebt