Nelson Peltz Is Giving Hedge Funds a Little Sweetener

(Bloomberg Opinion) -- Nelson Peltz has blinked, sweetening his bid for Janus Henderson Group Plc to a “best and final” $8 billion. The billionaire activist investor can be pushed around a little bit. That may have to suffice for Janus’ shareholders as the path to a better price from here has narrowed.There was no strict need for Peltz’s Trian Fund Management LP to lift its bid for the London-based asset manager to $52 from $49 per share. Trian and Janus had a firm deal. Janus had argued that a higher cash- ...