Thursday, May 3, 2007
Will the third (or the fourth, depending on who's counting) time be the charm? The board of Cablevision accepted the Dolan family's $10.6 billion offer to buy out the public shareholders. The deal, however, is subject to approval by a majority of the minority shares, and some investors and analysts still think the price (36.26 per share) is too low. It is thought that the Dolans, in turn, may sell the company to another competitor like Time Warner. See NYTimes, Cablevision Deal Remains Very Much Up in the Air; WSJ, Cablevision Deal Faces Hurdles.