Victory Capital raises cash in new Janus Henderson bid

Victory Capital Holdings, Inc. has submitted a revised acquisition proposal for its rival Janus Henderson Group plc, intensifying efforts to intercept a competing take-private agreement. The move comes shortly after the target company rejected an earlier $8.6 billion cash-and-stock bid, asserting that the terms were not superior to an existing deal led by Nelson Peltz’s Trian and the venture capital firm General Catalyst.