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Investing.com -- Janus Henderson Group (NYSE:JHG) stock rose 13% Monday following a Bloomberg report that activist investor Nelson Peltz’s Trian Fund Management is preparing a buyout offer for the asset manager.
According to the report, Trian is working with global investment firm General Catalyst on an offer to acquire the remaining shares of Janus Henderson that it doesn’t already own. The firms may announce an offer of approximately $46 per share, valuing Janus Henderson at about $7 billion, as early as Monday, people familiar with the matter told Bloomberg.
The potential deal would represent a significant premium to Janus Henderson’s recent trading price. Trian Fund Management, led by activist investor Nelson Peltz, has been a significant shareholder in the asset management firm.
The report indicates that plans for the buyout offer are not yet finalized and could still change. Neither Janus Henderson nor Trian has officially confirmed the potential transaction.
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