Diamond Hill jumps on First Eagle's $473 mln acquisition offer

Diamond Hill Investment

11/12/2025 13:16

** Shares of Diamond Hill Investment Group DHIL.O rise 43.7% to about $168.80 premarket

** Co says First Eagle Investments will buy it in an all-cash deal valued at ~$473 mln

** Adds DHIL shareholders will receive $175 in cash per share, a 48.9% premium to its last close, according to Reuters calculation

** DHIL says it may solicit alternative proposals until January 14, 2026

** As part of agreement, co will not pay quarterly dividends through closing - DHIL

** As of last close, shares down 21.8% YTD

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com;))