08:56 AM EDT, 10/27/2025 (MT Newswires) -- Janus Henderson Group ( JHG ) said Monday it received a non-binding acquisition proposal from Trian Fund Management and General Catalyst to buy all outstanding shares not already owned by Trian for $46 a share in cash.

Trian Fund Management, which together with its affiliated funds holds a 20.4% stake in Janus, said in a US Securities and Exchange Commission filing that the offer represents a "significant premium" to Janus' share price on Oct. 24.

Janus said its board plans to form a special committee to review the offer.

Shares of the company were up more than 14% in recent Monday premarket activity