Henderson Group and Janus Capital have confirmed that Japan’s Dai-ichi Life will look to build its shareholding in the combined Janus Henderson Investors to at least 15 per cent.
In a merger update lodged with the Australian Securities Exchange (ASX) today, the two companies backed the transaction, with Janus chief executive, Dick Weil explaining that he saw one of Henderson’s strengths as being its expansion into both Australia and the US.
The transaction was announced in October, last year and is expected to close on 30 May, this year.
The update pointed out that the new listed entity, Janus Henderson Investors would be listed on both the ASX and the New York Stock Exchange, with Henderson holding around 57 per cent and Janus 47 per cent, but with Dai-ichi Life, as Janus’ largest shareholder, investing in the combined company to increase its ownership interest to at least 15 per cent.
The merger update said the integration team had now had nearly six months to prepare for close and that primary regulatory approvals had been obtained with the Janus Henderson Board and committee membership agreed.
