Victory Capital boosts cash offer in revised proposal for Janus Henderson

Core Viewpoint - Victory Capital has submitted a revised cash offer for Janus Henderson, increasing its efforts to disrupt Janus's existing deal with Trian and General Catalyst [1][2]. Group 1: Offer Details - Victory Capital's revised proposal includes an offer of $40 in cash and 0.25 of its shares for each Janus share, an increase from the previous offer of $30 in cash and 0.35 of its shares [2]. - Janus Henderson had previously rejected Victory's $8.6 billion cash-and-stock offer, stating it was not superior to the existing Trian-led deal [2]. Group 2: Background Context - In December, Janus Henderson agreed to a $7.4 billion all-cash buyout by Trian and General Catalyst after a five-year activist campaign led by Nelson Peltz [3].