The owner of the Dallas Morning News has rejected a last-minute bid that aimed to derail the newspaper company’s acquisition by Hearst .

DallasNews Corp. , the publicly traded parent of the Morning News, said its board rejected the unsolicited offer after its controlling shareholder made clear he would not support an acquisition by Alden Global Capital’s Media News Group.

RELATED: DallasNews receives rival offer after accepting Hearst bid

In addition to rejecting the unsolicited offer, the board voted to adopt a shareholder rights plan — commonly known as a poison pill — to limit Media News Group from increasing its 9.9% stake in DallasNews Corp. — and its influence on the board.

The moves came after Media News Group last week submitted an unsolicited offer of $16.50 a share,

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