Janus Henderson (JHG) Hits New High on $7.2 Billion Acquisition Offer

We recently published 10 Big Names Crushing Wall Street. Janus Henderson Group plc (NYSE:JHG) is one of the top-performing stocks on Monday.

Janus Henderson soared to a fresh record high on Monday, as investors gobbled up shares following announcements that it was offered to be fully acquired by two of its largest investors for $7.2 billion.

In intra-day trading, Janus Henderson Group plc (NYSE:JHG) jumped to its highest 52-week price of $49.42 before trimming gains to end the day just up by 11.34 percent at $46.35 apiece.

Janus Henderson (JHG) Hits New High on $7.2 Billion Acquisition Offer

In a statement earlier in the day, Janus Henderson Group plc (NYSE:JHG) said it received a joint letter from Trian Fund Management LP and General Catalyst Group Management LLC outlining a joint non-binding acquisition proposal, under which, they offered to acquire the remaining stake in the former for $46 apiece. The acquisition price marked a 10.5 percent upside from its latest closing price.

Trian first invested in the company in 2020 and currently holds two board seats.

According to Janus Henderson Group plc (NYSE:JHG), the special committee excludes board members affiliated with the acquiring companies, and that an acquisition deal is not guaranteed.

While we acknowledge the risk and potential of JHG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than JHG and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.