Nelson Petz, Founding Partner and CEO of Trian Partners, speaking astatine the 14th CNBC Delivery Alpha Investor Summit successful New York City connected Nov. 13th, 2024.
Adam Jeffery | CNBC
Asset manager Janus Henderson agreed to beryllium acquired by investors Trian Fund Management and General Catalyst, the companies announced Monday.
Trian and General Catalyst volition wage $49 per stock successful cash, valuing Janus astatine astir $7.4 billion. That represents a 6.5% premium from Friday's adjacent and is astir 18% supra the stock's closing level connected Oct. 24. The Wall Street Journal reported connected Oct. 27 that Trian and General had approached Janus astir a takeover.
The woody is expected to adjacent successful mid-2026, they said.
Activist capitalist Trian has been an capitalist successful Janus since precocious 2020. In that time, the banal has astir doubled. Trian besides has 2 representatives connected the company's board.
With the acquisition, "we spot a increasing accidental to accelerate concern successful people, technology, and clients," Trian CEO Nelson Peltz said successful a statement.
Janus Henderson CEO Ali Dibadj said: "With this concern with Trian and General Catalyst, we are assured that we volition beryllium capable to further put successful our merchandise offering, lawsuit services, technology, and endowment to accelerate our growth.
Trian shares ticked much than 3% higher connected the news.
JHG 5-day chart
English (US) ·