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Dolans Up Cablevision Ante
Updated from 10:54 a.m. EDT
Cablevision's (CVC Quote) renewed going-private plans gave its shares a lift Monday, as the Dolan family, which controls the Bethpage, N.Y., cable giant, offered to buy out its public stockholders.
The Dolans say they will pay $27 a share for the stake. The offer is a 17% premium over the stock's average range in the past two weeks and values the company at about $7.9 billion.
Shares of Cablevision surged $2.57, or 11%, to $26.42 Monday on trading volume that was much heavier than normal. ...
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