Henderson Global Investors saw its share price soar over 14% to 265p in early morning trading after it announced plans to merge with Janus Capital to create a combined asset manager with AUM of $320bn.
In an annoucement this morning, the firms said they had agreed a 'merger of equals' to create a global active asset manager combining Janus' US specialisation with Henderson's strength in the UK and Europe. The move will create a group with AUM of more than US$320bn and a combined market capitalisation of approximately US$6bn. This combined firm - Janus Henderson Global Investors - will be co-run by the firms' chief executives Dick Weil and Andrew Formica (pictured). The merger is expected to be completed in the second quarter of 2017, subject to shareholder and regulatory approval...
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