Henderson and Janus bulk up in wintry climate for asset managers
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S&P Places Janus Capital (JNS) Ratings on CreditWatch Positive Amid Merger Agreement
October 4, 2016 8:13 AM EDTS&P Global Ratings said it placed its 'BBB/A-2' issuer credit ratings on Janus Capital Group Inc. (NYSE: JNS) on CreditWatch with positive implications. We also placed our 'BBB' issue rating on Janus' senior unsecured debt on CreditWatch positive.
The CreditWatch action follows Janus and Henderson Group plc's announced agreement to an all-stock merger of equals. Henderson and Janus shareholders are expected to own approximately 57% and 43%, respectively, of Janus Henderson Global Investors' shares on closing, based on the current number of shares outstanding. The merger is currently expected to close in... More
