Trian Fund Management Proposes Acquisition of Janus Henderson Group

Trian Fund Management, L.P., along with General Catalyst Group Management, LLC, has submitted a non-binding proposal to acquire all outstanding ordinary shares of Janus Henderson Group plc not currently owned by Trian. The proposed acquisition price is $46.00 per share in cash, representing a significant premium to the current market price. The proposal highlights the potential for enhanced client experience and strategic growth through increased investment in product offerings, client service capabilities, technology, and talent. The transaction would be financed through a combination of equity and debt financing, with Trian rolling over its existing shares. The proposal is subject to negotiation and execution of definitive documentation and is not subject to a financing condition. The filing also includes details of a cooperation agreement between Trian and General Catalyst for the proposed transaction.