Janus Henderson rises as Trian, General Catalyst raise takeover bid

Shares of asset manager Janus Henderson JHG.N rise 3.27% to $52.40 in pre market

Trian and General Catalyst on Tuesday raised their bid to acquire JHG to $52 per share, representing a 25% premium to Janus' unaffected stock price and is $3 per share higher than the previous bid

The new offer comes after Victory Capital on Monday fired back at Trian over the criticism of its latest $8.6 billion proposal

As of now, Trian and General Catalyst's offer stands at about $8 billion, according to Reuters calculations, compared with Victory's $8.6 billion cash-and-stock bid

As of last close, JHG up 6.6% YTD