Janus Henderson Staff Urge Rejection of Victory Bid
Janus Henderson staff and clients are urging the firm to reject a takeover bid from Victory Capital. They prefer a lower-priced deal from Nelson Peltz's Trian.
The ongoing battle for control of Janus Henderson Group plc has intensified as internal staff and major clients voice their opposition to a takeover bid from Victory Capital Holdings, Inc.. Despite Victory Capital recently sweetening its cash-and-stock offer to approximately $8.6 billion, stakeholders are reportedly favoring a lower-priced deal previously agreed upon with Nelson Peltz’s Trian and General Catalyst.
The resistance to the Victory Capital proposal is driven by fears of significant organizational changes. High-level representatives from prominent financial institutions, including Morgan Stanley and Citigroup Inc., have communicated their concerns to Janus Henderson executives. These clients are particularly wary of potential cost-cutting measures that could follow a merger with Victory Capital, which they believe might degrade service quality and investment expertise.
