DallasNews Corporation's Board of Directors reviewed and rejected a revised, non-binding proposal from MNG Enterprises, an affiliate of Alden Global Capital, to acquire the Company for $20.00 per share in cash. The Board, after consulting with its legal and financial advisors, determined that this revised Alden Proposal was not a superior proposal and was not reasonably likely to lead to one.
The Board reaffirmed its recommendation for the Hearst Merger Agreement, under which Hearst has agreed to acquire all outstanding shares of DallasNews common stock for $16.50 per share in cash. This represents a 276% premium over the $4.39 closing price per share of Series A Common Stock on July 9, 2025. Hearst has publicly stated that this $16.50 offer is its best and final offer.
Robert W. Decherd, the Company's largest shareholder, reiterated his total commitment to the Hearst Merger and stated there is no circumstance under which he would support a sale to Alden. The Board warned shareholders that if the Hearst Merger is not approved, DallasNews would remain a public company and its shares may return to their pre-announcement trading value of approximately $4 per share.
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