Trian Fund Management Reaffirms Its $49/Share All-Cash Proposed Offer To Acquire Janus Henderson Group

Trian Fund Management has reaffirmed its all-cash offer of $49 per share to acquire Janus Henderson Group, opposing Victory Capital's unsolicited proposal. Trian, which holds a 20.7% stake in Janus Henderson, argues that Victory's offer could lead to significant value destruction and lacks a realistic path to closing. Trian's transaction is expected to close in mid-2026, contingent on customary closing conditions, and it claims to provide greater certainty in the current volatile market.