Janus Henderson Group (NYSE:JHG) shares surged 13% on Monday after Bloomberg reported that activist investor Nelson Peltz’s Trian Fund Management is preparing a takeover offer for the asset manager.
According to the report, Trian is working with General Catalyst on a proposal to purchase the remaining shares of Janus Henderson that it doesn’t already own. Sources familiar with the matter said an offer of around $46 per share—valuing the company at roughly $7 billion—could be announced as early as Monday.
The potential bid would represent a substantial premium over Janus Henderson’s recent share price. Trian, led by activist investor Nelson Peltz, is already a significant shareholder in the firm.
The report also noted that discussions are ongoing and the details of the proposal could still change. Neither Janus Henderson nor Trian has officially commented on the potential transaction.