Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Janus' Slide Goes All The Way to Japan Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, August 10, 2012

Janus' Slide Goes All The Way to Japan

News summary by MFWire's editors

Janus has found a big investor based a long way from their Rocky Mountain home.

The publicly traded asset management shop based in Denver, Colorado has sold a 20 percent stake in the firm to Dai-ichi, a Japanese financial company.

The SEC filing for the deal notes that the Japanese firm will purchase "at least 15%, and no more than 20%, of the issued and outstanding shares of common stock" from Janus.

Reporter Taiga Uranaka picked up the story for Reuters, and reported the price of the sale would likely be around $300 million.

Reuters also reported the deal to be for up to 14 million shares. Dai-ichi will take one seat on Janus' board following the deal.

This deal follows a report from Bloomberg last month that Janus had seen profit declining by 44 percent last quarter. The article noted the shop was down to $152.4 billion AUM. 

Edited by: Ben Geier


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use