Asset manager Janus Henderson has reached an agreement to be acquired by investors Trian Fund Management and General Catalyst, according to a report from CNBC on Monday.
The acquisition deal will see Trian and General Catalyst pay $49 per share in cash, valuing Janus Henderson at around $7.4 billion. This price represents a 6.5% premium over Janus' stock closing price on the preceding Friday and is roughly 18% higher than the stock's closing level on October 24. The Wall Street Journal had previously reported on October 27 that Trian and General Catalyst approached Janus regarding a potential takeover.
The acquisition is expected to be finalized by mid-2026, according to the companies involved.
Trian has been an investor in Janus Henderson since late 2020, during which period the company's stock has approximately doubled. Furthermore, Trian has two representatives on Janus Henderson's board of directors.
In light of the acquisition, Trian CEO Nelson Peltz stated, "We see a growing opportunity to accelerate investment in people, technology, and clients."
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 the acquisition, shares of Janus Henderson increased by over 3%.