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Stock impact report

Janus Henderson Group (JHG) Target Reset After $7.4B Take-Private Deal [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
On December 22, Evercore ISI lowered its price target on Janus Henderson Group plc (NYSE:JHG) to $49 from $50 and kept an In Line rating. The move followed news that the company's largest shareholder, Trian Fund Management, along with General Catalyst, agreed to take the asset manager private at an equity value of $7.4 billion, or $49 per share. The firm said the deal “doesn't seem like the highest possible multiple that Janus could have gotten,” especially after six straight quarters of organic growth. At the same time, Evercore noted there is “no guarantee things are going to be like that every quarter.” From that angle, the appeal of operating as a private company is easier to understand. It could give Janus more room to continue its turnaround without constant pressure from public markets. CNBC first reported on December 22 that Janus Henderson Group plc (NYSE:JHG) agreed to be acquired by Trian and General Catalyst. The buyers will pay $49 per share in cash, valuing the firm Show less Read more
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