DallasNews to be acquired by Hearst for $14.00 per share in cash

DallasNews Corp

Merger consideration: $14.00 in cash per share of common stock.
Supporting shareholders (~55% voting power) agree to vote in favor.
Closing requires two-thirds approval from each class plus net cash >= $20M.
Termination fee of $3M payable to Parent under specified conditions.
CEO Grant Moise and President Mary Kathryn Murray each get transaction bonuses ($1.65M/$850k).

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