Janus Henderson, a prominent asset manager, has entered into an agreement to be acquired by Trian Fund Management and General Catalyst, according to a report from CNBC on Monday.
The acquisition deal entails Trian and General Catalyst purchasing Janus Henderson shares at $49 each in cash, which values the company at approximately $7.4 billion. This price represents a 6.5% premium compared to Janus' closing price on the previous Friday and is about 18% higher than the stock's closing level on October 24.
Reporting by The Wall Street Journal on October 27 indicated that Trian and General Catalyst had previously approached Janus Henderson with takeover prospects.
The transaction is projected to finalize by mid-2026, as stated by the involved parties.
Trian has maintained an investment in Janus Henderson since late 2020, during which the company's stock value has approximately doubled. Moreover, Trian holds two seats on Janus' board, reflecting its significant influence.
Trian's CEO, Nelson Peltz, expressed optimism about the acquisition, stating, "we see a growing opportunity to accelerate investment in people, technology, and clients."
Similarly, Janus Henderson's CEO, Ali Dibadj, remarked, "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 news of this acquisition, shares of Janus Henderson rose by more than 3%.