Trian and General Catalyst Raise Janus Offer to $52 a Share (1)

Trian Fund Management and General Catalyst raised their offer for Janus Henderson Group Plc to $52 a share in cash as they fend off a rival bid from Victory Capital Holdings.

Janus Henderson’s board backed the revised deal and urged shareholders to approve it at an April 16 meeting, according to a statement. The new offer is $3 higher than the duo’s earlier bid.

Trian and General Catalyst said Tuesday that the latest bid is their “best and final offer,” according to a separate statement.

Shares of Janus Henderson rose as much as 3.5% after the recent ...