Janus Henderson confirms $46/share acquisition proposal from Trian and General Catalyst

JANUS HENDERSON GROUP PLC

Non-binding proposal from Trian and General Catalyst to acquire all outstanding shares not owned by Trian for $46.00 per share in cash.
Board intends to appoint a special committee of directors not affiliated with Trian to consider the proposal.
Trian has two representatives on Janus Henderson board; initial investment disclosed in October 2020.
No assurance a definitive agreement will result; company will not comment further unless appropriate.
Proposal letter available as exhibit to Trian's Schedule 13D/A filed October 27, 2025.

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