DallasNews Corporation announced that Institutional Shareholder Services Inc. (ISS), a leading independent proxy advisory firm, has recommended shareholders vote 'FOR' the pending merger with Hearst. The merger offers $15.00 per share in cash, reflecting a significant premium of 242% over the $4.39 closing price per share of Series A Common Stock on July 9, 2025.
ISS cited the 'triple-digit premium' for shareholders and the downside risk in the event of non-approval as key reasons for its recommendation. The firm concluded that support for the transaction is warranted given the cash consideration, which provides liquidity and certainty of value to DallasNews shareholders.
This recommendation from ISS aligns with the earlier endorsement from Glass, Lewis & Co., providing dual validation for the merits of the transaction. John A. Beckert, Chairman of the Board, urged shareholders to vote 'FOR' the merger to realize this certain and significant premium, emphasizing that not voting is equivalent to voting against the transaction.
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