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.
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.
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This article is originally published at Insider Monkey.
