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.
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.
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