An investigation for investors in NYSE:JNS was announced concerning whether the takeover of Janus Capital Group Inc. by Henderson Group plc is unfair.
Investors who purchased shares of Janus Capital Group Inc (NYSE:JNS) and currently hold any of those NYSE:JNS shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain directors of Janus Capital Group Inc breached their fiduciary duties owed to NYSE:JNS investors in connection with the proposed acquisition.
On October 3, 2016, Henderson Group plc and Janus Capital Group Inc (NYSE:JNS) announced that their respective Boards of Directors have agreed to an all-stock merger of equals. Under the terms of the agreement, shareholders of Janus will receive 4.7190 shares of Henderson or a value of approximately $14.20 for each share of Janus common stock.
However, given that at least one analyst has set the high target price for NYSE:JNS shares at $17.50 per share, the investigation concerns whether the offer is unfair to NYSE:JNS stockholders. In addition, given that Dai-ichi, the largest Janus Capital Group Inc shareholder, has already committed to vote in favor of the merger and believes the combination will further strengthen its global partnership with Janus Henderson Global Investors, the investigation concerns whether the Janus Capital Group Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders’ best interests in connection with the proposed sale.
Shares of Janus Capital Group Inc (NYSE:JNS) closed on October 20, 2016, at $14.1 per share.
Those who purchased NYSE:JNS shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
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