# DIAMOND HILL INVESTMENT GROUP INC (DHIL) — merger/definitive [completed]
Source: SEC API (secapi.ai) · situation sit_05720ecfb348014355d5 · retrieved 2026-08-11T15:50:51.550Z

## Overview
Diamond Hill Investment Group, Inc. is a boutique investment management firm with $32.4 billion in assets under management and assets under advisement as of September 30, 2025, offering differentiated U.S. and international equity, alternative long-short equity and fixed income investment strategies.

On December 10, 2025, Diamond Hill Investment Group, Inc., First Eagle Investment Management, LLC, and Soar Christopher Holdings, Inc. (First Eagle's merger subsidiary) entered into an Agreement and Plan of Merger providing for First Eagle's acquisition of Diamond Hill. Under the merger agreement, Merger Sub will merge with and into Diamond Hill, with Diamond Hill surviving as a wholly-owned subsidiary of First Eagle. Each share of Diamond Hill common stock will be converted into the right to receive $175.00 in cash, without interest and subject to withholding taxes. This consideration represents approximately a 49% premium over Diamond Hill's unaffected closing price of $117.48 on December 10, 2025. The merger is expected to close by the third quarter of 2026, subject to customary closing conditions including shareholder approval, HSR Act clearance, and client consents representing at least 78% of Diamond Hill's revenue run-rate.

## Terms
- Counterparty: First Eagle Investment Management, LLC · Consideration: cash · Premium: 49.0% · Price/share: $175

## Key dates
- Announced 2026-01-28 · Record 2026-01-27 · Vote 2026-03-03 · Expected close 2026-09-30 · Completed 2026-04-22

## Timeline
- 2026-01-28 · DEFM14A (0001140361-26-002681): DEFM14A - DIAMOND HILL INVESTMENT GROUP INC — *Diamond Hill Investment Group, Inc. is a boutique investment management firm with $32.4 billion in assets under management and assets under advisement as of September 30, 2025, offering differentiated U.S. and international equity, alternative long-short equity and fixed income investment strategies.* On December 10, 2025, Diamond Hill Investment Group, Inc., First Eagle Investment Management, LLC, and Soar Christopher Holdings, Inc. (First Eagle's merger subsidiary) entered into an Agreement and Plan of Merger providing for First Eagle's acquisition of Diamond Hill. Under the merger agreement, Merger Sub will merge with and into Diamond Hill, with Diamond Hill surviving as a wholly-owned subsidiary of First Eagle. Each share of Diamond Hill common stock will be converted into the right to receive $175.00 in cash, without interest and subject to withholding taxes. This consideration represents approximately a 49% premium over Diamond Hill's unaffected closing price of $117.48 on December 10, 2025. The merger is expected to close by the third quarter of 2026, subject to customary closing conditions including shareholder approval, HSR Act clearance, and client consents representing at least 78% of Diamond Hill's revenue run-rate.
  https://www.sec.gov/Archives/edgar/data/909108/0001140361-26-002681.txt
- 2026-04-22 · 8-K (0000950103-26-006019): 8-K FORM 8-K
  https://www.sec.gov/Archives/edgar/data/909108/000095010326006019/dp245458_8k.htm

## Citations
- 0001140361-26-002681 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000114036126002681
- 0000950103-26-006019 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000095010326006019