The 25-NSE is a routine administrative filing confirming the delisting after merger close. No further action is available for JHG shareholders as the security is no longer trading. Traders should close any remaining positions in the preferred or other listed securities of Janus Henderson Group that may still trade. Monitor for any related cash settlement disbursements if shares were not surrendered.
Price Chart
Executive Summary
The NYSE filed a Form 25-NSE to delist Janus Henderson Group's ordinary shares, effective July 13, 2026, following the completion of its take-private merger with Trian Fund Management and General Catalyst on June 30, 2026. Shareholders received $52.00 per share in cash, extinguishing the public float and eliminating trading in the security.
Key Facts
- NYSE formally notified the SEC of intent to remove JHG ordinary shares from listing and registration under Rule 12d2-2(a)(3).
- Delisting effective at the opening of business on July 13, 2026.
- Merger closed June 30, 2026; each share converted to $52.00 cash.
- Trading in the security was suspended as of July 1, 2026.
- The 25-NSE is the final procedural step in the take-private delisting process.
Financial Impact
All outstanding ordinary shares converted to $52.00 cash per share; aggregate consideration approximately $6.5 billion per prior 8-K filing. No further equity value remains in the publicly traded security.
Risk Factors
- No equity risk remains for this specific security as it has been cashed out.
- Potential residual claims or disputes over merger consideration could arise, but are highly unlikely to affect the delisted security.
- Investors holding shares that were not exchanged in the merger should contact the paying agent for cash entitlement.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 25-NSE Filing (Primary) | 0000876661-26-000587 |
| Document: 0000876661-26-000587-index.html | 0000876661-26-000587 |
| Document: 0000876661-26-000587.txt | 0000876661-26-000587 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 13, 2026 15w ago | 15-12G | — | awaiting T+60 | — | — |
Jul 7, 2026 16w ago | EFFECT | $51.95 | awaiting T+60 | — | — |
Jul 1, 2026 16w ago | 25-NSE | $51.95 | awaiting T+60 | — | — |
Jun 30, 2026 17w ago | 8-K | $51.95 | awaiting T+60 | — | — |
Jun 18, 2026 18w ago | 8-K | $51.88 | awaiting T+60 | — | — |
May 12, 2026 24w ago | Insider Cluster | $51.70 | awaiting T+60 | — | — |
May 8, 2026 24w ago | 8-K | $51.67 | awaiting T+60 | — | — |
Apr 17, 2026 27w ago | DEFA14A | $51.56 | awaiting T+60 | — | — |
Mar 27, 2026 30w ago | DEFA14A | $51.35 $51.92 | ▲ +1.11% | ▼ −15.38% | — |
Mar 25, 2026 30w ago | DEFA14A | $51.39 $51.92 | ▲ +1.03% | ▼ −12.92% | — |
US Market Status
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