Nelson Peltz's Lowball Bid for Janus Henderson Is Pretty Cheeky
A takeover offer with a meager 10% premium is the sort of thing that usually merits adjectives like “derisory.” But Nelson Peltz wants us to think that this skinny top-up...
By Chris Hughes · Bloomberg
A takeover offer with a meager 10% premium is the sort of thing that usually merits adjectives like “derisory.” But Nelson Peltz wants us to think that this skinny top-up in his bid for fund manager Janus Henderson Group Plc is “significant.” The renowned activist may be able to get away with paying a premium lower than the conventional 30% to 40% here — but surely not this cheeky.