Victory Capital Abandons Multi-Billion Takeover of Janus Henderson

Victory Capital abandons multi-billion takeover of Janus Henderson

The San Antonio investment firm cited a lack of engagement from its target's board. The move ends a weeks-long effort to disrupt a $7.4 billion deal.

Victory Capital Pulls Janus Offer, Ending Fierce Bidding War

Victory Capital pulls Janus Henderson bid paving way for Trian

Victory Capital has withdrawn its $8.6bn bid for Janus Henderson, bringing an end to a drawn-out takeover battle and clearing the path for a rival deal led by hedge fund Trian Fund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, sta…

Victory Capital ends pursuit as Janus Henderson ups takeover terms

Victory Capital has withdrawn its bid to acquire Janus Henderson Group, citing a longstanding position that any transaction would require full support from Janus Henderson’s Special Committee and be reached through mutual agreement.  Last month, Victory Capital approached the special committee of Janus Henderson Group’s board with a buyout offer, in a challenge to a pending deal with Trian Fund Management.  “While the Company is disappointed wit…

Victory Capital Withdraws Janus Henderson Bid

Victory Capital has withdrawn its proposal to acquire Janus Henderson, ending a protracted bidding war. The decision came shortly after Trian Fund Management and General Catalyst increased their offer for the asset manager. Victory Capital’s initial proposal was valued at approximately $8.6 billion. Victory Capital is an asset management firm offering investment management and related services to institutions, corporations, and individuals. Janu…

Janus Henderson bidding war heats up as Trian and General Catalyst raises offer

Nelson Peltz’s Trian Fund Management and General Catalyst have upped their cash offer for Janus Henderson, heating up the bidding war with Victory Capital. Trian and a group of investors led by General Catalyst said on Tuesday they had increased their all-cash offer to $52 (£38.8) a share, up from its previous offer of $49 at the end of year, valuing the British based firm at $8bn. Trian and General Catalyst’s initially agreed to buy the firm fo…