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Asset manager Janus Henderson

has agreed to be acquired by investors Trian Fund Management and General Catalyst, the companies announced Monday.

Trian and General Catalyst will pay $49 per share in cash, valuing Janus at about $7.4 billion. That represents a 6.5% premium to Janus’ Friday’s close and is about 18% above the stock’s closing level on Oct. 24. The Wall Street Journal reported on Oct. 27 that Trian and General had approached Janus about a takeover.

The deal is expected to close in mid-2026, they said.