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DallasNews Revises Merger Terms With Hearst; Final Offer Raised To $16.50/Share, Delivering 276% Premium Over July Price

Benzinga·09/15/2025 10:35:36
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DallasNews Shareholders to Receive All-Cash Consideration of $16.50 Per Share, a 276% Premium Over the Closing Price Per Share of Series A Common Stock on July 9, 2025

Hearst Merger Provides Certainty of Value, Accelerated ROI, and Immediate Liquidity, While Eliminating Company Ownership Risks for Shareholders

Board Unanimously Recommends that Shareholders Vote "FOR" the Hearst Merger to Secure the Future of DallasNews and Realize a Significant Premium on their Investment

DALLAS, Sept. 15, 2025 (GLOBE NEWSWIRE) -- DallasNews Corporation (NASDAQ:DALN) (the "Company" or "DallasNews"), the holding company of The Dallas Morning News and Medium Giant, announced today that it has entered into an amendment to the definitive agreement governing the Company's pending merger with Hearst (the "Hearst Merger"), one of the nation's leading information, services and media companies, 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.