---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-033933"
form_type: "8-K"
ticker: "JHG"
cik: "0001274173"
company_name: "JANUS HENDERSON GROUP PLC"
filed_at: "2026-03-24T23:59:59+00:00"
generated_at: "2026-05-15T09:10:04.988993+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Janus Henderson amends merger with Trian/General Catalyst to $52/share; rejects Victory Capital proposal

## Summary
- Cash consideration increased from $49 to $52 per share, a 25% premium to unaffected price on Oct 24, 2025.
- Termination fee payable by Company increased to $394M (if Expense Reimbursement not paid) or $275.8M (if paid); Expense Reimbursement Payment set at $118.2M.
- Company permitted to pay up to $1.00 per share quarterly dividend after July 1, 2026, if closing delayed beyond June 30, 2026.
- Special Committee determined Victory Capital's March 17 proposal not actionable due to client consent risks and Trian's opposition (20.7% holder).
- Shareholder meeting remains scheduled for April 16, 2026; Board recommends voting for Trian/General Catalyst deal.

## SEC filing metadata
- accession: 0001104659-26-033933
- form_type: 8-K
- ticker: JHG
- cik: 0001274173
- company_name: JANUS HENDERSON GROUP PLC
- filed_at: 2026-03-24T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1274173/000110465926033933/0001104659-26-033933-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1274173/000110465926033933/tm269102d9_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-033933
- JSON: https://secwatch.observer/filing/0001104659-26-033933.json
- Plain text: https://secwatch.observer/filing/0001104659-26-033933.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.