Victory Capital Defends Janus Henderson Acquisition Bid

Victory Capital has issued a sharp rebuttal against Nelson Peltz’s Trian Fund Management, accusing the activist investor of spreading misinformation regarding its $8.6 billion acquisition bid for Janus Henderson Group plc. The San Antonio-based firm stated that recent reports of client and employee dissatisfaction were part of a calculated effort to create market uncertainty surrounding the proposed transaction.

The battle for control over the $493 billion asset manager has intensified as Victory Capital continues its pursuit despite the board's previous preference for a rival deal. Victory Capital, headquartered in the United States, recently improved its offer with an increased cash component to compete with a take-private agreement Janus Henderson reached with Trian and General Catalyst in December.