Trian and General Catalyst Buy Janus Henderson for $7.4B


Nelson Peltz’s Trian Fund Management and General Catalyst agreed to buy asset manager Janus Henderson Group Plc for about $7.4 billion.

Shareholders will receive $49 a share in cash, up from $46 a share that the investors offered in October, according to a statement Monday. Trian already owns 20.6% of Janus Henderson’s shares.

The move is the latest dramatic turn in Trian’s five-year investment in Janus Henderson, which saw the activist investor oust previous management while pushing the fund manager to stop bleeding clients following the troubled merger that created the firm in 2017. Trian first disclosed its investment in Janus Henderson in October 2020.

The buyer group also includes Qatar Investment Authority and Sun Hung Kai & Co.

 





Source link

  • Related Posts

    Goldman Sachs Files for Bitcoin ETF With Income Strategy

    (Bloomberg) — Goldman Sachs Group Inc. this week became the latest major Wall Street firm to file for a Bitcoin ETF — joining Morgan Stanley, BlackRock Inc. and a growing…

    Mexico investigating after CIA employees die in crash following drug lab raid

    Mexican President Claudia Sheinbaum told reporters Tuesday that federal prosecutors are investigating potential violations of national security following a car accident in the northern Chihuahua state that killed two Mexican…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Goldman Sachs Files for Bitcoin ETF With Income Strategy
    Mexico investigating after CIA employees die in crash following drug lab raid
    Georgia troopers fired over alleged practice of seeking insurance payouts after chases
    Morgan Stanley CEO Highlights Private Credit Growth Potential
    Flu vaccine no longer mandated for US troops, Hegseth says
    McKinsey: Wealth Management Is Victim of ‘SaaSpocalypse’