On March 24, 2026, Victory Capital Holdings, Inc. announced the withdrawal of its proposal to acquire Janus Henderson Group plc. This decision comes after the company expressed its desire for a negotiated transaction that would have the full support of the Janus Henderson Special Committee. Despite the disappointment with the process led by the Special Committee, Victory Capital maintains its admiration for Janus Henderson's business and its talented investment professionals. The company had pursued this opportunity recognizing Janus Henderson as a high-quality organization and a potentially compelling strategic fit. Victory Capital emphasized that its acquisition strategy remains unchanged, focusing on transactions that enhance its competitiveness through size, scale, product expansion, and distribution access globally. The firm has a proven track record of value-creating acquisitions, having completed eight transactions in the past eleven years, making it the best-performing traditional public asset manager since its IPO in February 2018, with a total shareholder return exceeding 525%. Victory Capital intends to continue seeking the right opportunities at the right time, reaffirming its commitment to shareholders, investment franchises, employees, and clients.



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