Trian and General Catalyst Raise Janus Henderson to $52

Trian Fund Management and its affiliated funds, together with General Catalyst, have amended their definitive agreement to acquire Janus Henderson Group plc. The amended terms increase the cash consideration to $52.00 per share.

The amendment adds $3.00 per share versus the prior price and represents a 25% premium to Janus Henderson’s unaffected share price. The parties also added a mechanism allowing Janus Henderson to pay a $1.00 per share dividend in each quarter between July 1, 2026 and closing if regulatory delays push completion past June 30, 2026. The transaction is still targeted to close by mid-2026, subject to approvals.