Billionaire Nelson Peltz is planning an AI makeover for Janus Henderson

After Nelson Peltz won a surprise bidding war for Janus Henderson, the activist investor can begin reshaping the $493 billion asset manager he has orbited for years.

Peltz is paying about $8 billion, or $52 per share, for Janus Henderson – more than double what the stock was trading for when his Trian Fund Management disclosed its position in late 2020.

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