DallasNews Corporation (DALN) has received an unsolicited, non-binding offer from MNG Enterprises, Inc., an affiliate of Alden Global Capital, to acquire all outstanding shares at $16.50 per share in cash.
Previously, DallasNews entered into a definitive agreement with Hearst to sell all shares at $14.00 per share in cash.
The Board of Directors of DallasNews is diligently reviewing the MNG proposal with the support of legal and financial advisors.
