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Janus Henderson Said to Oppose Advent’s $1.3 Billion U-blox Bid
MINT· 2025-10-07 17:00
(Bloomberg) -- Janus Henderson Group Inc. will not tender its shares in U-blox Holding AG for Advent’s 1.05 billion Swiss franc ($1.3 billion) takeover bid of the chipmaker, according to people familiar with the matter. Janus Henderson, a top-10 U-blox shareholder with a 5% stake, is disappointed the firm’s management accepted an offer from Advent without spending more time exploring strategic options, the people said. The asset manager estimates fair value for U-blox would be about double Advent’s offer ...