Janus Henderson to Be Acquired by Trian, General Catalyst for $7.4B

Trian Fund Management L.P. and General Catalyst Group Management LLC announced Monday that they will buy the active asset management firm Janus Henderson Group PLC in an all-cash transaction for approximately $7.4 billion. Strategic investors include the Qatar Investment Authority, Hong Kong-based asset manager Sun Hung Kai & Co. Ltd. and MassMutual.Owners of Janus Henderson shares not already owned by Trian will receive $49 per share, an 18% premium from the unaffected closing price on October 24, the last ...