Janus Capital And Henderson Group Agree To All-Stock Merger

Janus Capital Group Inc JNS and London-based Henderson Group announced their agreement to merge in an all-stock-deal. The merged entity would be known as "Janus Henderson Global Investors plc." The transaction is expected to be closed in the second quarter of 2017.

The companies indicated that for every Janus share, 4.7190 freshly issued shares of Henderson would be allotted. As a result, while Janus shareholders would own 43 percent in the merged firm, Henderson would have the remaining 57 percent stake.

Janus and Henderson expects the integrated firms to create a leading "global active asset manager with significant scale, diverse products and investment strategies, and depth and breadth in global distribution." The two companies are confident that the integrated company would be well-placed to offer world-class client service to gain market share and further improve shareholder value.

Janus CEO Dick Weil commented, "The complementary nature of the two firms will facilitate a smooth integration and create an organization with an expanded client-facing team and product suite, greater financial strength, and enhanced talent, benefiting clients, shareholders and employees."

Similarly, Henderson CEO, Andrew Formica, reacted to say, "Henderson and Janus are well-aligned in terms of strategy, business mix and most importantly a culture of serving our clients by focusing on independent, active asset management. I look forward to working side-by-side with Dick, as we create a company with the scale to serve more clients globally, as well as the strength to meet their future needs and the growing demands of our industry."