Janus Henderson Receives Acquisition Proposal
Janus Henderson Group PLC, a London-based active asset manager, has received a nonbinding acquisition proposal from Trian Fund Management L.P. and General Catalyst Group Management LLC, valuing the company at over $7 billion.
The proposal offers $46 in cash for each of the company's ordinary shares not already owned by Trian. Janus Henderson's board of directors will appoint a special committee to consider the offer, which will not include directors affiliated with Trian or General Catalyst.
There is "no assurance" that a final agreement will be reached.
Janus Henderson will not comment on the proposal at this time. The company's board has two representatives from Trian, but they will not be part of the special committee.
Author's summary: Janus Henderson receives $7 billion acquisition proposal.