Asset manager Janus Henderson has entered into an acquisition agreement with investors Trian Fund Management and General Catalyst, as initially reported by CNBC on Monday. The acquiring parties will pay $49 per share in cash, valuing Janus at approximately $7.4 billion. This purchase price represents a 6.5% premium over Janus' closing price on Friday and is about 18% higher than the stock's closing price on October 24. A report from The Wall Street Journal on October 27 indicated that Trian and General Catalyst had approached Janus regarding a potential takeover.
The acquisition is anticipated to be completed by mid-2026, according to announcements made by the involved parties. Trian, which has been a stakeholder in Janus since the end of 2020, has seen the stock roughly double in value during this period. Trian also holds two seats on Janus Henderson's board.
In a statement, Trian CEO Nelson Peltz remarked that the acquisition presents a significant opportunity to enhance investment in personnel, technology, and customer relations. Janus Henderson CEO Ali Dibadj expressed confidence that the partnership with Trian and General Catalyst would enable further investment in product development, client services, technological advancements, and talent acquisition, contributing to accelerated growth.
Following the announcement, Janus Henderson's shares increased by more than 3%.