MNG Enterprises, an Alden Global Capital company, has increased its non-binding offer to $18.50 per share in cash, a dollar more than its previous bid of $17.50 per share, the company disclosed in a regulatory filing. “Our proposal now offers DallasNews (DALN)shareholders $3.50 more than Hearst’s $15.00 offer, an approximately 23.3% premium,” MNG writes in a letter to the DallasNews Corp. board of directors.
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