Janus Henderson Group has obtained the regulatory clearances and client approvals needed for its planned take-private deal with Trian Fund Management and General Catalyst Group Management along with their affiliated funds.
The approvals move the transaction closer to completion after shareholders had already voted in favour of the proposal.
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The deal is due to complete on 30 June 2026, provided the remaining closing conditions in the definitive agreement continue to be met.
Once the transaction is completed, Janus Henderson will operate as a privately held company with its shares delisted from the NYSE.
Under the agreement, holders of Janus Henderson shares not already owned or controlled by Trian will receive the right to $52 a share in cash.
Janus Henderson originally sealed the deal with Trian and General Catalyst in December 2025.
However, earlier this year, Victory Capital approached the special committee of Janus Henderson Group’s board with a takeover proposal that challenged the pending arrangement with Trian Fund Management.
In March, Victory Capital withdrew that approach, saying its position had long been that any transaction would need the full backing of Janus Henderson’s Special Committee and would have to be agreed mutually.
Under the revised terms, the cash consideration for shareholders is $52 per share, compared with the earlier proposal of $49 per share.
That price is 25% above the company’s closing share price on 24 October 2025, the day before the original Trian and General Catalyst proposal was disclosed publicly.
