Trian-Backed Group to Buy Janus, Valuing Firm at $7.4 Billion

Nelson Peltz’s Trian Fund Management and General Catalyst agreed to buy Janus Henderson Group Plc in a deal that values the asset manager at about $7.4 billion.

Shareholders will receive $49 a share in cash, up from $46 a share that the investors offered in October, according to a statement Monday. Trian already owns 20.6% of Janus Henderson’s shares and has been represented on the board since 2022.

The move is the latest dramatic turn in Trian’s investment in Janus Henderson, the asset manager who counted Bill Gross among its bond managers before his retirement ...