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Stock impact report

Janus Henderson (JHG)'s Acquisition is a “Great Move,” Says Jim Cramer [Yahoo! Finance]

Janus Henderson Group plc Ordinary Shares (JHG) 
Last janus henderson group plc ordinary shares earnings: 4/30 04:00 am Check Earnings Report
US:NYSE Investor Relations: snl.com/irw/corporateprofile/4147331
Company Research Source: Yahoo! Finance
Janus Henderson Group plc (NYSE:JHG) made the news earlier this week after it was revealed that hedge fund Trian Fund Management and venture capital firm General Catalyst had agreed to buy the firm for a $7.4 billion price tag. The announcement came after the asset manager received an offer from the due in October, where they offered to acquire a stake in it for $46 per share. After the announcement, Janus Henderson Group plc (NYSE:JHG)'s shares closed 3.1% higher. After the announcement, Evercore ISI lowered its share price target for the firm to $49 from $50 and kept an In Line rating. The financial firm remained skeptical about the multiple offered for Janus Henderson Group plc (NYSE:JHG) as it noted that the asset manager had experienced strong and consistent quarterly growth. Cramer discussed the deal as well and commented on the growth: “Yeah it looks like that Nelson Peltz and the group are buying Janus. Now this is a, it's 47, doesn't look like a premium, but you go back to Show less Read more
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