Dolans Try CVC Buyout Again; Value Company At About $7.9 Billion: Report

If at first … the Dolan family’s last known effort to take Cablevision Systems Corp. private fizzled last year when a board committee said the deal wasn’t in public shareholders’ best interest. The Journal reports that the Dolans, who control 22.5 percent of the shares and 74 percent of the voting shares, would offer $27 per share, a 13 percent premium on the most recent closing price of $23.93 and 15 percent more than they offered last time around post adjustments for a special dividend. The Dolans would finance the deal by reinvesting their shares and some bank financing. The family has assured the board by letter that the deal won’t be pursued without the special committee’s consent. More details at WSJ.

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