JNS Janus Capital Group Inc

INVESTOR ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Janus Capital Group, Inc. And Encourages Shareholders To Contact The Firm For Additional Information

The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Janus Capital Group, Inc. (NYSE: JNS) (“Janus” or the “Company”) relating to the proposed buyout of Janus by Henderson Group plc (“Henderson”). The new entity will be called Janus Henderson Global Investors plc.

Under the terms of the agreement, Janus shareholders are anticipated to receive 4.7190 shares of Henderson for each share of Janus common stock held. The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company’s shares of common stock.

If you currently own common stock of Janus and believe that the proposed buyout price is too low, or you would like to learn more about the investigation being conducted by Brower Piven, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at [email protected] or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.

EN
07/10/2016

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Reports on Janus Capital Group Inc

Greggory Warren ... (+2)
  • Greggory Warren
  • CFA

Janus Goes into Merger with Henderson in Much Weaker Position; No Chan...

There was little in narrow moat-rated Janus Capital Group's first-quarter results that would alter our view of the firm. We are leaving our $14 per share fair value estimate, which is based on the purchase price ascribed to the "merger of equals" between Janus and the Henderson Group, in place. Management continues to expect the deal to close at the end of May. Janus closed out the March quarter with $204.7 billion in total AUM, up 4.0% sequentially and 7.0% on a year-over-year basis. The firm's...

 PRESS RELEASE

Janus Capital Group Inc. Announces First Quarter 2017 Results

DENVER--(BUSINESS WIRE)-- Janus Capital Group Inc. (“JCG”) (NYSE: JNS) today reported first quarter 2017 net income of $30.9 million, or $0.17 per diluted share, compared with fourth quarter 2016 net income of $30.9 million, or $0.17 per diluted share, and net income of $35.1 million, or $0.19 per diluted share in the first quarter 2016. First quarter 2017 net income adjusted for merger-related costs was $43.8 million, or $0.23 per diluted share. Fourth quarter 2016 net income adjusted for merger-related costs was $37.2 milli...

 PRESS RELEASE

Janus Capital Group to Announce First Quarter 2017 Results Thursday, A...

DENVER--(BUSINESS WIRE)-- Janus Capital Group Inc. (NYSE:JNS) will release its first quarter 2017 financial results before the market opens Thursday, April 20, 2017. The company will host a conference call and webcast that day at 10 a.m. ET to discuss its results. To participate in the conference call, please dial (888) 397-5338 in the U.S. and Canada or (719) 325-2145 internationally. The webcast as well as the slides used during the presentation can be accessed via the investor relations section of Janus Capital Group’s website (htt...

Greggory Warren ... (+2)
  • Greggory Warren
  • CFA

Janus' merger with Henderson Group makes sense strategically but doesn...

In a widely anticipated move, the Federal Reserve raised its target for the federal funds rate by 25 basis points to 0.50%-0.75%. As we noted ahead of the Federal Open Market Committee meeting, however, inflation is still below the committee’s 2% goal and business fixed investment remains below desired levels. We believe these data points support our view that low real interest rates are needed to ensure full utilization of labor and capital for some time. We incorporate a federal funds rate...

Greggory Warren ... (+2)
  • Greggory Warren
  • CFA

Janus Posts Weaker-Than-Expected 4Q Results; Henderson Merger on Track...

There was little in narrow-moat-rated Janus Capital Group's fourth-quarter results that would alter our view of the firm. That said, we are lowering our fair value estimate, which is based on the purchase price ascribed to the "merger of equals" between Janus and the Henderson Group, to $14 per share based on changes in the value of the British pound and Henderson's shares since the deal was announced. Management continues to project a second quarter of 2017 (likely end of May) close for the mer...

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