Stilwell Financial announced today that it will purchase 600,000 Janus Capital shares held by Janus CEO Thomas Bailey, giving Stilwell a 97.8% stake in the Denver-based fund company.

 The transaction is expected to take place within the next 120 days and will cost Stilwell approximately $603 million. The firm currently has cash and credit lines to cover the transaction but is also exploring alternative financing arrangements, the company said.

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