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

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