Victory Capital submits rival bid for Janus Henderson
Victory Capital offered to buy Janus Henderson for $57.04 per share in a cash and stock deal. This rival bid follows a previous $7.4 billion acquisition plan.
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Victory Capital Holdings, Inc. has submitted a rival bid to acquire Janus Henderson Group plc for $57.04 per share. This proposal comes months after the asset manager had previously unveiled a $7.4 billion deal involving Nelson Peltz's Trian and the venture capital firm General Catalyst.
The terms of the offer from Victory Capital include a combination of cash and equity. Specifically, the firm has offered $30 in cash and 0.350 of its own shares for each Janus Henderson share held.
