DallasNews A

Hearst has completed its acquisition of DallasNews; shareholders received $16.50 per share and trading of the Series A common stock was suspended on Nasdaq after the deal closed. Approval came at a special shareholders meeting, and DallasNews will become a wholly owned subsidiary of Hearst Media West. The Dallas Morning News and agency Medium Giant are to continue operating as part of Hearst; the stock traded near its 52-week high and, according to data, posted strong returns over the past year. » Mere på de.investing.com

DallasNews shareholders have approved the takeover by Hearst at $16.50 per share. Upon closing, DallasNews will be valued at about $88 million and the stock will no longer be publicly traded. The Dallas Morning News and the agency Medium Giant will move into Hearst’s portfolio. Closing is expected around September 24, 2025; the board rejected a competing offer from MNG Enterprises. » Mere på de.investing.com

The shareholders of DallasNews voted at an extraordinary general meeting to approve the merger with Hearst Media West, making DallasNews a wholly owned subsidiary of Hearst. The merger proposal was approved by a large majority; votes of Series A and B met the required two‑thirds majorities. The board had favored Hearst’s cash offer after a revised bid from MNG Enterprises was rejected; Hearst is offering shareholders $15 per share, previously an increased offer of $16.50 had been cited. An analysis indicates the stock, after a 170% price rise in six months, may be trading above fair value. » Mere på de.investing.com