Fund firms Janus Capital, Henderson merge to form $6 billion group
U.S. asset manager Janus Capital (JNS.N) and London-listed rival Henderson Global Investors (HGGH.L) on Monday announced a $6 billion (4.67 billion pounds) all-share merger to cut costs and improve their global reach, sending Henderson's shares soaring.
Shares of Janus also surged, rising 16 percent in morning trading on the New York Stock Exchange, after the companies said the deal would boost earnings by more than 10 percent.
The combined company would manage more than $320 billion in assets, the firms said, making it a top 50 global asset manager.
"There is very little overlap... read more
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