DallasNews (DALN)announced that it has entered into an amendment to the definitive agreement governing the company’s pending merger with Hearst, which increases the per share purchase price to be paid by Hearst from $15.00 to $16.50 per share in cash, representing a premium of 276% over the $4.39 closing price per share of Series A Common Stock on July 9, 2025.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DALN:
- DallasNews announces ISS recommended shareholders vote ‘FOR’ merger with Hearst
- 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