DallasNews amends Hearst merger: per-share price raised to $16.50, a 276% premium

DallasNews Corp

Merger consideration increased from $15.00 to $16.50 per share cash, a 276% premium over DALN's July 9 close of $4.39.
Board unanimously recommends shareholders vote "FOR" the merger; largest shareholder Robert W. Decherd supports.
ISS and Glass Lewis both recommend voting for the transaction.
Shareholder voting deadline is September 22, 2025; two-thirds approval required for each class.
If not approved, shares may return to ~$4 pre-announcement trading level.

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