Cablevision buyout vote next month


Cablevision has set a shareholder vote for October 24th on the pending offer from the Dolan family to buy out all other shareholders for 36.26 per share (5/3/07 TVBR #87). Cablevision shares rose after the proxy was filed with the SEC, since there had been fears in the market that the Dolans might seek changes to the deal because of the recent turmoil in the credit markets. The offer finally accepted by independent directors in May was the fourth attempt in recent years by the Dolans to take the MSO private.