NYSE:JHGCapital Markets
Janus Henderson Backs Trian Deal Over Victory Bid As Clients Weigh In
Janus Henderson Group (NYSE:JHG) has rejected an unsolicited acquisition bid from Victory Capital.
The board unanimously backed its earlier support for a transaction involving Trian Fund Management and General Catalyst instead.
Directors cited execution risks and client reservations with the Victory Capital approach while reiterating confidence in the Trian and General Catalyst deal.
Janus Henderson Group, a global asset manager, operates in a sector where scale, distribution reach, and...