(Il Sole 24 Ore Radiocor) - Milano, 24 mar - Trian Fund Management and General Catalyst increased the value of their offer to acquire Janus Henderson following another rival bid from Victory Capital.

Trian and General Catalyst raised the price of their bid by 3 dollars to 52 dollars per share in cash, Janus Henderson said in a statement.

The price represents a 25% premium to Janus Henderson's closing price on Oct. 24.

The revised agreement provides enhanced value to Janus Henderson shareholders and continues to provide the fastest path to closing and realization of certain, near-term value - in an uncertain geopolitical and macroeconomic environment - at a significant premium to Janus Henderson's unaffected share price, Janus said.

The company said its board had determined that the unsolicited, non-binding proposal from Victory Capital Holdings was not in the best interests of Janus Henderson and was not a superior proposal.

Janus Henderson said Trian and General Catalyst were committed to closing by mid-2026.

If the transaction has not been completed by June 30 because of a delay in regulatory approvals, Janus Henderson will be allowed to pay a 1 dollar per share dividend in each quarter.

between July 1 and closing.

(RADIOCOR) 24-03-26 15:06:44 (0497) 5 NNNN