MergerMay 8, 2026, 04:38 PM
Janus Henderson Shareholders Approve $52.00/Share Merger
AI Summary
Janus Henderson Group PLC shareholders approved the all-cash merger agreement, where the company will be acquired for $52.00 per share by an investor group led by Trian and General Catalyst. The merger is expected to close in mid-2026. Additionally, the company completed the acquisition of Richard Bernstein Advisors (RBA) on April 1, 2026, adding approximately $20 billion in client assets. For Q1 2026, total revenue increased to $690.0 million, while net income attributable to JHG decreased to $90.9 million, and diluted EPS fell to $0.59.
Key Highlights
- Shareholders approved the merger agreement for $52.00 per share in cash.
- Acquired Richard Bernstein Advisors (RBA) on April 1, 2026, adding $20 billion in client assets.
- Q1 2026 total revenue increased to $690.0 million from $621.4 million in Q1 2025.
- Q1 2026 net income attributable to JHG decreased to $90.9 million from $120.7 million in Q1 2025.
- Q1 2026 diluted EPS was $0.59, down from $0.77 in Q1 2025.
- Net cash provided by operating activities rose to $234.8 million in Q1 2026 from $2.8 million in Q1 2025.
- Incurred $27 million in merger-related costs for Q1 2026.