Ann: Henderson Group - Janus Henderson Merger Slides-HGGH.L, page-5

Great deal.
This is very good deal for shareholders and the share price should reflect this tomorrow.
Asset Mgt is a "build once sell it 1000 times" business so its a scale game with a lot of operating leverage.

WG159 i'm not sure I agree with your assessment of mgt. In my experience mgt (on both sides) are the biggest barrier to more of these deals so I applaud both sides and I expect shareholders will get the benefits of this both in the short and long term.

I dont expect anyone on Hotcopper has their head around the Janus business so the devil may be in the detail.
If anyone is on the teleconference tonight and wants to share their views I would appreciate.