Trian and General Catalyst Raise Janus Offer to $52 a Share

Trian Fund Management and General Catalyst raised their offer for Janus Henderson Group Plc to $52 a share in cash as they fend off a rival bid from Victory Capital Holdings.

Janus Henderson’s board backed the revised deal and urged shareholders to approve it at an April 16 meeting, according to a statement. The new offer is $3 higher than the duo’s earlier bid.