Cablevision Accepts Bid from Dolan Family (or Does It?)

CABLEVISION ACCEPTS BID FROM DOLAN FAMILY
[SOURCE: Multichannel News, AUTHOR: Mike Farrell]
Hours after press reports hit the streets that Cablevision Systems’ ruling Dolan family -- led by chairman Charles Dolan and his son, CEO James Dolan -- was in talks to take the Bethpage, NY-based cable operator private in a $10.5 billion deal, the company announced that its offer was accepted by an independent committee of directors. Cablevision said the Dolans’ offer of $36.26 per share for the stock in the company it did not already own had been accepted. The price, including outstanding debt, values Cablevision at about $22 billion.
http://www.multichannel.com/article/CA6438471.html

* Cablevision Accepts Dolan Buyout Offer
http://www.broadcastingcable.com/article/CA6438519.html

* Other Cablevision Shareholders Balk at Dolans’ Bid
http://www.multichannel.com/article/CA6438732.html

* Cablevision Deal Remains Very Much Up in the Air
http://www.nytimes.com/2007/05/03/business/03cable.html

* Cablevision Deal Faces Hurdles
http://online.wsj.com/article/SB117811344048489517.html?mod=todays_us_pa...