Thomas H. Bailey, CEO and founder of Janus Capitol of Denver, sold half his stake in Janus to the company's parent, Stilwell Financial of Kansas City, Mo., for an undisclosed amount, Stilwell has announced.

Bailey sold 600,000 shares representing 6.2 percent of Janus' outstanding shares, boosting Stilwell's ownership to 88.7 percent, according to Stilwell. Bailey still holds roughly six percent of Janus shares and will remain the firm's chairman, president and CEO.

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