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Stock impact report

Why Diamond Hill Stock Soared Today [Yahoo! Finance]

Diamond Hill Investment Group, Inc. - Class A (DHIL) 
US:NASDAQ Investor Relations: ir.diamond-hill.com
Company Research Source: Yahoo! Finance
10 stocks we like better than Diamond Hill Investment Group › Shares of Diamond Hill Investment Group (NASDAQ: DHIL) leaped 44% on Thursday after the asset manager struck a deal to be acquired by First Eagle Investments for $473 million. Under the terms of the deal, First Eagle will purchase all of Diamond Hill's outstanding stock for $175 per share in cash. That's a premium of more than 49% compared to Diamond Hill's closing stock price on Dec. 10. "This partnership is a testament to the strength and resilience of our business and delivers immediate value to our shareholders," Diamond Hill CEO Heather Brilliant said in a press release. "Joining First Eagle, whose 160-year history reflects a deep commitment to client outcomes, will position Diamond Hill for continued success over the long term." Privately owned First Eagle, which had roughly $176 billion in assets under management ( AUM ) as of Sept. 30, wants to add Diamond Hill's value-focused equity and fixed-income produc Show less Read more
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