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.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for 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 issues letter to shareholders related to Hearst merger
- DallasNews Corporation Announces Special Meeting for Proposed Merger with Hearst Media
- DallasNews Corporation Reports Q2 2025 Financial Results
- DallasNews files preliminary proxy statement in connection with Hearst merger
- DallasNews Amends Merger Agreement with Hearst Media