DallasNews (DALN)announced that leading independent proxy advisory firm, Institutional Shareholder Services, has recommended shareholders vote FOR the pending merger with Hearst, one of the nation’s leading information, services and media companies, for $15.00 per share in cash which reflects a significant premium 242% over the $4.39 closing price per share of Series A Common Stock on July 9, 2025. ISS is the second leading proxy advisor to recommend shareholders vote FOR the Hearst Merger following the report issued by Glass, Lewis & Co. ISS concluded that: “Given the premium to the unaffected price, the downside risk in the event of non-approval, and the cash form of consideration, which provides liquidity and certainty of value to DALN shareholders, support for the transaction is warranted.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DALN:
- DallasNews announces Glass Lewis recommends shareholders vote ‘FOR’ merger
- DallasNews rejects revised non-binding proposal from affiliate of Alden Global
- MNG Enterprises raises offer for DallasNews to $18.50 per share in cash
- DallasNews issues letter to shareholders related to Hearst merger
- DallasNews Corporation Announces Special Meeting for Proposed Merger with Hearst Media