Janus Henderson Group Plc Share Price (JHG.US)

Hopefully the transfer will go through before take over .

https://www.google.com/finance/beta/quote/JHG:NYSE?window=1M

Janus Henderson Group advanced recently as the company approaches a definitive mid-2026 take-private merger with Trian and General Catalyst. Increased acquisition consideration and positive net inflows serve as primary catalysts. Analysts project a stable near-term outlook with a median price target of approximately $52.00, though sentiment remains tempered by recent earnings misses.

6pm ..51.685...-0.02 (-0.04%) ...Bid: 51.68...Ask: 51.69...Spread: 0.01 (0.019%)

https://www.marketbeat.com/stocks/NYSE/JHG/

9 analysts' twelve-month price targets ...$48.29 -6.56% Downside

16th April Janus Henderson shareholders approve Trian/General Catalyst deal

Trian & General Catalyst raise Janus offer to $52.00/share

25th March 2026 ..Victory Capital withdraws its proposal to acquire Janus Henderson (JHG)

That offer was 0.350 of its shares and $30 in cash valuing it at $57.04 per share

Share price ..53.18...3.58 (7.22%) ...Bid: 53.16..Ask: 53.19...Spread: 0.03 (0.06%)

Market Cap: $6.82b

Wondered why price was above the $49 offer

Feb 26 (Reuters) - Victory Capital went public with its $8.6 billion offer for Janus Henderson, ratcheting up pressure on the asset manager that has agreed to a $7.4 billion deal with Nelson Peltz's Trian and General Catalyst.

The investment management firm on Thursday offered 0.350 of its shares and $30 in cash for each share of Janus Henderson, valuing it at $57.04 per share. Trian's December proposal valued Janus at $49.

Janus Henderson shares jumped 6% in afternoon trading, while Victory Capital's stock slumped about 8%.

The offer comes as consolidation accelerates in the asset management industry, fueled by the strategic need to be bigger and global.

Victory Capital has gone public after months of back and forth with Janus Henderson. The firm had first submitted its proposal to acquire Janus Henderson in the range of $50 to $52 per share in November, and followed it up with a second one in December.

Janus Henderson and Trian have not yet commented on Victory's proposal. They did not immediately respond to Reuters' requests for comment on Thursday.

Victory Capital views its offer as "superior" to Trian's, noting an attractive premium consistent with recent industry acquisitions, such as Nuveen's acquisition of Schroders, according to a letter to Janus Henderson's special committee.

The latest proposal values Janus Henderson at 12.5 times 2026 earnings, higher than the 11 times Trian had initially offered, according to Evercore analysts.

Victory Capital said it plans to issue $4.1 billion in debt to finance its offer, and has commitments from two investment banks.

Janus Henderson was formed in 2017 through a merger of Henderson Group and Janus Capital, in a deal that initially underwhelmed investors as the asset manager continued to face outflows and internal disputes.

A combination of Janus Henderson and Victory Capital would create an asset manager with more than $800 billion in assets.

PJT Partners is advising Victory Capital on the proposed transaction.

Talk about a pathetic offer and a pathetic response from the board, which should have been a firm rejection in no uncertain terms. I wouldn't be rushing to invest my money in their funds if they can't knock a low-ball offer like this out of the park....

Offer in $46

Trian Fund Management, the hedge fund firm led by Nelson Peltz, on October 26 submitted an offer to buy the approximately 80% of Janus Henderson it does not already own, alongside investment firm General Catalyst, for $46 a share in cash, valuing the active fund manager at about $7.2 billion.

Janus Henderson, which manages about $460 billion, said on October 27 that it intends to appoint a special committee of directors not affiliated with Trian or General Catalyst to consider the proposal. Janus Henderson shares, which closed on October 24, at $41.63, were trading near $49 apiece at 1000 EDT on October 27.

Peltz and General Catalyst CEO Hemant Taneja wrote in a letter to the Janus Henderson board that they believe the company could improve by “significantly increasing” its long-term investment in products, customer service and technology.

Josh Frank, the co-chief investment officer of Trian, and Brian Baldwin, Trian’s head of research, sit on Janus Henderson’s board.