Often in finance, there's the surface story that's easy to grasp a hold of. And then there's the story underneath that you need to think about a little more to fully understand. When it comes to Janus Capital Group (JNS) being bought by the U.K.'s Henderson Group, it's the story behind the headlines that really counts.
On the surface
The merger between Janus and Henderson makes a lot of sense in many ways. For starters, the two companies basically do the same thing, which means they can trim costs in the back office. Then there's the fact that the two businesses don't really overlap geographically. That means Janus can start to sell products into a new market and so, too, can Henderson. This is all good news, and frankly, it's understandable that investors cheered the agreement by sending shares of both companies higher.
But what other reasons are there… Read More …
