Victory Capital has withdrawn its $8.6bn bid for Janus Henderson, bringing an end to a drawn-out takeover battle and clearing the path for a rival deal led by hedge fund Trian Fund Management and General Catalyst, according to a report by Reuters.
Trian and General Catalyst increased their offer to $52 per share, valuing Janus at around $8bn and representing a premium to its unaffected share price. Janus Henderson’s board has backed the bid, stating it is the only proposal capable of being compl...
Continue Reading
Sign up for FREE to read the full article and access 129K+ alternative investment headlines.
Alternative Investment News