Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Wednesday, October 17, 2007

Cablevision's Largest Shareholder Threatens No Vote

Even as Cablevision's largest shareholder, ClearBridge Advisors (with 13.6%) threatens to vote against the Dolan family's purchase of the company, the Dolans maintained they would not raise the price of their $10.6 billion offer.  Other large shareholders and ISS have already opposed the deal; the vote is scheduled for Oct. 24 and requires a majority of the public shareholders.  The Dolans have tried several times to take the company private in recent years.  NYTimes, Cablevision Buyout Deal Is Imperiled; WSJ, Cablevision Deal Meets More Opposition.

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