Asset manager Janus Henderson has reached an agreement to be acquired by investors Trian Fund Management and General Catalyst, as first reported by CNBC on Monday.
Trian and General Catalyst have agreed to pay $49 per share in cash, which values Janus Henderson at approximately $7.4 billion. This price reflects a 6.5% premium over Janus' stock close on the previous Friday and is approximately 18% higher than the closing level of the stock on October 24. The Wall Street Journal had reported on October 27 that Trian and General Catalyst had approached Janus Henderson for this acquisition.
The transaction is expected to be finalized by the middle of 2026, according to the companies involved.
Trian has been an investor in Janus Henderson since late 2020, during which time the stock value has approximately doubled. Trian also has two representatives on the Janus board of directors.
In a statement regarding the acquisition, Trian CEO Nelson Peltz commented, "We see a growing opportunity to accelerate investment in people, technology, and clients."
Janus Henderson's CEO Ali Dibadj expressed confidence in the new partnership, stating, "With this partnership with Trian and General Catalyst, we are confident that we will be able to further invest in our product offering, client services, technology, and talent to accelerate our growth."
Following the announcement, Janus shares increased by more than 3%.