LONDON, April 26 Shareholders of British asset
manager Henderson Global Investors backed its $6
billion merger with U.S. fund firm Janus Capital on
Wednesday, after Janus shareholders approved the deal earlier
Henderson last year agreed to buy Janus in an all-share
deal, as active fund managers pool resources to fend off growing
competition from index-tracking funds.
A total of 98.87 percent of votes cast at Henderson's
extraordinary general meeting were in favour of the deal, the
company said in a statement.
Janus shareholders voted for the deal late on Tuesday, with
about 86.2 percent of shares cast in favour.
Each Janus share will be exchanged for 0.4719 newly issued
shares in Henderson, following a 1 for 10 consolidation of
existing Henderson shares prior to completion of the merger,
Henderson and Janus chief executives Andrew Formica and Dick
Weil will be co-chief executives of the merged group Janus
Henderson, which will list in New York and Sydney.
The deal is expected to complete by May 30, Henderson
chairman Richard Gillingwater said in the statement.
(Reporting by Carolyn Cohn and Justin George Varghese. Editing
by Jane Merriman)