InsideArbitrage Event Driven Monitor – December 23, 2025

JHG: The acquisition of Janus Henderson Group plc (JHG) by Trian Fund Management, L.P., and General Catalyst Group Management, LLC, for a closing value of $7.4 billion. Janus Henderson shareholders will receive $49 per share in cash, representing a premium of 6.48% from the stock’s last close. (Press Release)
NGD: New Gold (NGD) announced that the special meeting of shareholders will be held on January 27, 2026. The deal is expected to close in the first half of 2026.
WBD: Paramount Skydance (PSKY) amended its $30 per share all-cash offer for Warner Bros. Discovery (WBD) to address Warner Bros’ concerns regarding Paramount’s superior offer. Paramount said that Larry Ellison has agreed to provide an irrevocable personal guarantee of $40.4 billion of the equity financing for the offer and any damages claims against Paramount.

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