InsideArbitrage Event Driven Monitor – July 24, 2025

Merger Arbitrage

1. DALN: DallasNews (DALN) announced that it has received an unsolicited, non-binding proposal from MNG Enterprises, an affiliate of Alden Global Capital, to acquire all of the issued and outstanding shares of the company’s common stock at a price of $16.50 per share in cash. The Board of DallasNews is carefully reviewing the MNG Proposal in consultation with its legal and financial advisors.
2. STRR: Star Equity (STRR) filed a definitive proxy statement.
3. SAND: Sandstorm Gold (SAND) filed a merger notification with Competition Canada for its acquisition by Royal Gold (RGLD).

You can check out new deals, all deal updates, and spreads on active deals in our Merger Arbitrage Tool for premium members here.

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