Dai-ichi, Protective deal removes bullish Janus argument, says Citigroup Citigroup believes Dai-ichi Life's buyout of Protective Life (PL) removes one of the key bullish arguments for Janus Capital (JNS) since Dai-ichi owns nearly a 20% stake in Janus and now a possible takeout is less likely. Citi says the Protective Life deal takes away the majority of Dai-ichi's $7B cash position. The firm keeps a Sell rating on Janus with a $9 price target.
News For JNS;PL From The Last 14 Days
Check below for free stories on JNS;PL the last two weeks.