DallasNews soar 200% on go-private deal with Hearst

Dallasnews

10/07/2025 15:53

** Shares of media publisher DallasNews DALN.O surge 208.8% to more than 6-year high of $13.55

** Stock set for its best day on record, if gains hold

** DallasNews, owner of The Dallas Morning News, is being acquired by Hearst

** The total deal value is about $74.93 million, according to a Reuters calculation

** DallasNews shareholders will get $14 in cash/share, a 219% premium to the stock's Wednesday close

** After the deal, DallasNews will no longer be a public company

** The Dallas Morning News will join Hearst's group of newspapers in the U.S.

** Deal expected to close in Q3 or early Q4

** Including session move, stock up 82.4% YTD

 (Reporting by Kamal Choudhury in Bengaluru)

 ((Kamal.Choudhury@thomsonreuters.com;))