Tweet

Dolan Family Raises Offer for Cablevision

By BroadCasting & Cable Staff -- Broadcasting & Cable, 1/12/2007 3:44:00 AM

Dolan Family Raises Offer for Cablevision (WSJ)

Charles and James Dolan boosted their bid for Cablevision Systems Corp. to $8.9 billion in what they called their "best and final offer" to take the cable giant private.

The new $30 a share offer is 11% higher than the $27 a share the Dolans offered Oct. 8, and is a 25.4% premium to the Bethpage, N.Y., company's closing price on Oct. 6. The new offer implies an enterprise value of $20.1 billion. However, it's only a 1.4% premium to Thursday's close of $29.60. In recent premarket trading, Cablevision shares changed hands at $28.90.

Tweet

Talkback

We would love your feedback!

Post a comment

» View All Talkback Threads

Related Content

• Topics
• Author
• Most Popular Pages

No related content found.

Also by this author

• Technology Leadership Summit 2011

• WGA Announces TV Noms

• Cable Ratings: 'Top Chef' Finale Draws 3.4 Million

• Leo Wolinsky Named Editor of Daily Variety

• CAB: Cable Ad Spending Grows to $18.7B in '09

Also by Staff Staff

Most Popular Pages

No Top Articles

• Resource Center
• Browse Categories
• Browse Companies

Featured Company

• Digital Rapids

  

  Digital Rapids is the leading provider of professional hardware and software tools, technology and expertise for bringing video to wider audiences and new viewing platforms. Continuing to set new standards in quality, productivity and versatility, our solutions span the critical ..more

---

Most Recent Resources

• The New Normal for Promoting Tune-in
• Infrastructure Design for High Volume Video Workflows
• Multi Format Encoding for Efficient Content Repurposing
• The CIOs Guide to Videoconferencing Security Keeping Pace with th..
• Extracting and Preparing Metadata to Make Video Files Searchable