Form 4: Diamond Hill Investment Group Acquired by First Eagle

Director Richard Scott Cooley reports the disposal of shares following the successful acquisition of Diamond Hill Investment Group by First Eagle Investment Management.

Summary

• Diamond Hill Investment Group, Inc. (DHIL) was acquired by First Eagle Investment Management, LLC on April 22, 2026.
• The acquisition was executed pursuant to a Merger Agreement dated December 10, 2025.
• Each outstanding share of common stock was canceled and converted into the right to receive $175.00 in cash.
• Restricted stock units under the 2014, 2022, and 2025 incentive plans were also cashed out at $175.00 per share.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it marks the finalization of a previously announced merger rather than new operational performance data.

Positives

• Shareholders received a cash consideration of $175.00 per share upon the consummation of the merger.

Negatives

• The company is no longer a publicly traded entity following the completion of the merger.

Risks

• NA

Future Outlook

The company has been acquired and is no longer an independent publicly traded entity; therefore, no future guidance is provided.

Management Comments

• NA

Industry Context

StockSavvy.ai notes that this acquisition represents continued consolidation within the asset management sector, as private equity and larger investment firms seek to acquire specialized, high-margin investment boutiques.

Comparison to Industry Standards

• The $175.00 cash-out price represents the final valuation for shareholders in this specific M&A transaction.
• The deal structure follows standard cash-merger protocols for publicly traded financial services firms.

Legal Proceedings

• The transaction was completed under the terms of the Agreement and Plan of Merger dated December 10, 2025.

Related Party Transactions

• NA

Stakeholder Impact

• Shareholders have had their equity positions converted to cash at the agreed-upon merger price.

Next Steps

• Delisting of Diamond Hill Investment Group common stock from public exchanges.

Key Dates

Keywords

Diamond Hill Investment Group, DHIL, Merger, Acquisition, First Eagle Investment Management, Form 4