PR Newswire
NEW YORK, Oct. 6, 2016
NEW YORK, Oct. 6, 2016 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Janus Capital Group
Inc. ("JNS" or the "Company") in connection with the proposed acquisition of the Company by Henderson Group Plc. ("Henderson"). On October 3, 2016, the Company announced that it had
reached a definitive agreement for Henderson to acquire all outstanding shares of JNS in a
stock-for-stock transaction. Under the terms of the agreement, JNS shareholders will receive 4.7190 shares of newly issued
Henderson shares for each JNS share they own.
WeissLaw is investigating whether JNS's Board acted to maximize shareholder value prior to entering into the agreement.
Notably, the Company announced positive financial results for the second quarter of fiscal year 2016. It reported net
income of $39 million, or $0.21 per diluted share, compared to
$35.1 million, or $0.19 per diluted share in the first quarter.
Additionally, upon completion of the transaction, JNS shareholders will own a mere 43% of the newly combined company.
Given these facts, WeissLaw is investigating the Board of Directors' decision to sell JNS and whether JNS shareholders will
obtain their fair and proportionate share of the Company's continued success and future growth prospects. If you own JNS
shares and would like more information about your rights or our investigation, or if you have information to share with us,
please contact Joshua Rubin by telephone at (888) 593-4771 or by email at stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief
in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email
us at stockinfo@weisslawllp.com or fill out
the form on our website, http://www.weisslawllp.com/contact/report_fraud/.
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SOURCE WeissLaw LLP