Wednesday, May 2, 2007
Cablevision and its controlling shareholders, the Dolan family, are reaching agreement to sell the company to the Dolans for about $10.5 billion in cash, or $36 per share. In the past three years, a special committee of the board turned down several offers by the Dolans because the price was too low. See NYTimes, Cablevision Nears Deal With Dolans; WSJ, Cablevision Nears Deal With Dolans
To Go Private for at Least $10.5 Billion.