Victory Capital Withdraws $9 Billion Janus Bid After $52 Offer Backed
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Victory Capital Holdings has withdrawn its $9 billion bid for Janus Henderson Group Plc after a competing $52-per-share offer gained board support. Tensions arose as Victory claimed the Janus board did not adequately consider its proposal, which was previously rejected due to concerns over potential employee departures and investment performance. Despite this setback, Victory remains committed to its acquisition strategy, viewing Janus Henderson as a strong business. The situation reflects Janus Henderson's ongoing efforts to stabilize after its 2017 merger, under CEO Ali Dibadj's leadership.
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