DALN Overview

DallasNews Board Decision: The board of DallasNews has reviewed and rejected a revised acquisition proposal from MNG Enterprises at $20.00 per share, while reaffirming support for the merger with Hearst.

Hearst's Increased Offer: Hearst has raised its acquisition offer for DallasNews to $16.50 per share from a previous $15.00, with proxy advisory firms ISS and Glass Lewis recommending shareholders vote in favor of the deal.

Merger Details: DallasNews Corporation has amended its merger agreement with Hearst, increasing the cash purchase price to $16.50 per share, which represents a 276% premium over its closing price on July 9, 2025.

Board and Shareholder Support: The DallasNews board unanimously recommends that shareholders vote "FOR" the merger, emphasizing the significant value it offers and the support from the company's largest shareholder and independent proxy advisory firms.

Merger Approval Recommendations: Institutional Shareholder Services (ISS) and Glass, Lewis & Co. have both recommended that DallasNews shareholders vote in favor of the merger with Hearst, highlighting a significant 242% premium over the stock's previous closing price.

Urgency for Shareholder Action: DallasNews urges shareholders to vote before the deadline of September 22, 2025, emphasizing that not voting is equivalent to voting against the merger, which promises immediate value and liquidity for investors.

Investigation of Companies: Halper Sadeh LLC is investigating ZimVie Inc., DallasNews Corporation, Veritex Holdings, and Guaranty Bancshares for potential violations of federal securities laws and breaches of fiduciary duties related to their recent sales.

Shareholder Rights: The firm encourages shareholders of the mentioned companies to contact them for information on their legal rights and options, emphasizing that they operate on a contingent fee basis with no upfront costs for clients.

Investigation of Companies: Halper Sadeh LLC is investigating STAAR Surgical Company, Veritex Holdings, Inc., and DallasNews Corporation for potential violations of federal securities laws and breaches of fiduciary duties related to their recent sales.

Shareholder Rights and Legal Options: The firm encourages shareholders of the involved companies to contact them for free consultations regarding their legal rights and options, emphasizing that they operate on a contingent fee basis.

Investigation of Companies: Halper Sadeh LLC is investigating several companies, including Aris Water Solutions, TEGNA Inc., Performant Healthcare, and DallasNews Corporation, for potential violations of federal securities laws and breaches of fiduciary duties related to their recent sales.

Legal Support for Shareholders: The law firm offers free consultations to shareholders affected by these transactions, aiming to seek increased compensation and additional disclosures on their behalf, with no upfront legal fees required.