Juventus football club's stock rose over 7% following the rejection of a takeover bid by Tether, the stablecoin issuer, from the Agnelli family-controlled holding company. The move underscores ongoing tensions over the club's ownership and strategic direction.
- Juventus shares rose 7.3% to €11.84 following the rejection
- Tether’s acquisition proposal totaled €1.8 billion
- Exor N.V., the Agnelli family holding company, rejected the bid
- Rejection cited concerns over governance and long-term stability
- No further negotiations have been announced
- Club remains under private ownership via Exor and family interests
Shares in Juventus S.p.A. climbed 7.3% on Monday, reaching a session high of €11.84, after the Agnelli family's holding company, Exor N.V., formally rejected a proposed acquisition offer from Tether Holdings Limited. The bid, valued at approximately €1.8 billion, had been under review since early December and was dismissed due to concerns over long-term governance and financial stability. Exor confirmed that it viewed the offer as inconsistent with the club's core values and its commitment to sustainable growth in European football.