Janus Henderson board determines Victory Capital proposal not superior

Janus Henderson (JHG) announced that its board, acting on the unanimous recommendation of the special committee of the board, has determined by unanimous vote that the unsolicited, non-binding proposal received on February 26 from Victory Capital (VCTR) is not in the best interests of Janus Henderson and its shareholders and does not constitute, and would not reasonably be expected to result in, a company superior proposal under the terms of the merger agreement providing for the acquisition of Janus Henderson by Trian and General Catalyst.