Asset manager Janus Henderson will be acquired by investors Trian Fund Management and General Catalyst, as initially reported by CNBC on Monday.
The acquisition price is set at $49 per share in cash, which values Janus at approximately $7.4 billion. This price signifies a 6.5% premium compared to Janus' closing stock price on Friday and is about 18% above the stock’s closing level on October 24. Earlier reports from The Wall Street Journal on October 27 indicated that Trian and General had approached Janus regarding a takeover.
The transaction is anticipated to reach completion by mid-2026, according to statements from the companies involved.
Trian has been an investor in Janus since late 2020, during which time Janus' stock has roughly doubled. Trian also maintains two representatives on Janus' board.
Trian CEO Nelson Peltz remarked, “With the acquisition, we see a growing opportunity to accelerate investment in people, technology, and clients.”
Echoing this sentiment, Janus Henderson CEO Ali Dibadj stated, “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.”
The announcement of the acquisition led to a more than 3% increase in Janus shares.