DallasNews Corporation announces an amendment to the merger agreement with Hearst, increasing the purchase price to $16.50 per share in cash.
Shareholders to receive a 276% premium over the closing price of Series A Common Stock on July 9, 2025.
The merger aims to provide certainty of value, accelerated ROI, and immediate liquidity for shareholders.
Increased Purchase Price
Hearst will pay $16.50 per share in cash, a 276% premium over the closing price on July 9, 2025.
Board Recommendation
The board unanimously recommends shareholders to vote for the merger to secure the future and realize a significant premium.
Support from Key Stakeholders
The merger is supported by the board, the company's largest shareholder, and leading independent proxy advisory firms.
- The increased purchase price demonstrates Hearst's commitment to delivering value to DallasNews shareholders.
- The support from key stakeholders adds credibility to the merger and showcases confidence in the future of DallasNews.
- The voting process and deadline emphasize the importance of shareholder participation for the success of the merger.
With a final increase in the purchase price and strong support from stakeholders, the amendment to the merger agreement with Hearst positions DallasNews Corporation for a promising future and offers shareholders a significant premium on their investment.