March 24 (Reuters) – Janus Henderson said on Tuesday that Trian and General Catalyst have raised their bid to acquire the asset manager to $52 per share. The new offer, which represents a 25% premium to Janus’ unaffected stock price and is $3 per share higher than the previous bid, comes amid a high-stakes battle […]
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Peltz’s Trian, General Catalyst raise offer for Janus Henderson
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March 24 (Reuters) – Janus Henderson said on Tuesday that Trian and General Catalyst have raised their bid to acquire the asset manager to $52 per share.
The new offer, which represents a 25% premium to Janus’ unaffected stock price and is $3 per share higher than the previous bid, comes amid a high-stakes battle with Victory Capital, which has maintained its pursuit of the company.
“Trian and General Catalyst have already made significant progress toward closing and have a clear path to satisfying all outstanding conditions,” Janus said.
Trian, Janus’ largest shareholder with a 20.7% stake, had on Friday raised concerns about Victory’s sweetened offer.
(Reporting by Manya Saini in Bengaluru; Editing by Sahal Muhammed)