10:07 AM EDT, 03/24/2026 (MT Newswires) -- (Update with details from a Trian Fund Management and General Catalyst Group Management press release in the final paragraph.)

Janus Henderson Group ( JHG ) said Tuesday that Trian Fund Management and its affiliated funds and General Catalyst Group Management along with its affiliated funds have revised their acquisition offer for Janus to $52 per share in cash, a $3 all-cash price increase.

If the deal is not completed by June 30 because of regulatory approval delays, Janus will be allowed to pay a $1 per share dividend each quarter between July 1 and deal completion, it said.

The deal is on track to be completed by mid-2026, Janus added.

Janus also said that the board ascertained that Victory Capital's ( VCTR ) revised unsolicited March 17 offer "is not in the best interests" of the company and its shareholders and does not constitute a superior proposal.

In a separate press release, Trian and General Catalyst confirmed the amended definitive merger agreement with Janus and said it represents their best and final offer.

Price: 51.89, Change: +1.15, Percent Change: +2.26