asset manager Janus Henderson The company has agreed to be acquired by investors Trian Fund Management and General Catalyst, CNBC first reported on Monday.
Trian and General Catalyst will pay $49 per share in cash, valuing Janus at approximately $7.4 billion. This represents a 6.5% premium to Janus’ Friday closing price and about 18% above the stock’s closing price on October 24th. The Wall Street Journal reported on October 27 that Tryon and General had approached Janus about a deal.
The deal is expected to close in mid-2026.
Mr. Tryon has invested in Janus since late 2020. During that time, the stock price has nearly doubled. Trian also has two representatives on its board of directors.
Trian CEO Nelson Peltz said in a statement that “we believe this acquisition provides us with additional opportunities to accelerate our investments in our people, technology and customers.”
“We are confident that this partnership with Trian and General Catalyst will enable us to accelerate our growth by allowing us to further invest in our product offering, customer service, technology and people,” said Ali Dibagi, CEO of Janus Henderson.
Janus stock rose more than 3% on the news.
JHG 5 day chart
Correction: Janus stock rose on this news. Previous versions incorrectly listed the company name.
