Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Support MFO
Donate through PayPal
Janus Henderson gets taken private by Trian and General Catalyst
Nelson Peltz’s Trian Fund Management and General Catalyst agreed to buy Janus Henderson Group Plc in a deal that values the asset manager at 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 and has been represented on the board since 2022.
The move is the latest dramatic turn in Trian’s investment in Janus Henderson, the asset manager who counted Bill Gross among its bond managers before his retirement in 2019.
Trian had worked to 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.
Comments
REPOST https://www.mutualfundobserver.com/discuss/discussion/comment/204362/#Comment_204362