March 17 (Reuters) – Victory Capital submitted a revised offer for rival Janus Henderson on Tuesday, ratcheting up efforts to derail the asset manager’s take-private deal with Nelson Peltz’s Trian and venture capital firm General Catalyst.
The move comes days after Janus rejected Victory’s $8.6 billion cash-and-stock offer, saying the proposal was not superior to the existing Trian-led deal.
Under the revised proposal, San Antonio-based Victory has boosted the cash consideration.
The firm is now offering $40 in cash and 0.25 of its shares for each Janus share. Victory had earlier offered $30 in cash and 0.35 of its shares.
In December, Janus said it had agreed to a $7.4 billion all-cash buyout by Trian and General Catalyst after a five-year push by Peltz that began as an activist campaign.
(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Sahal Muhammed)
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