Fund manager Mario Gabelli said he thinks the assets of Cablevision Systems are worth about $15 a share, or $4 billion, more than being currently offered.
Stocks closed higher and the Dow ended at another record high, buoyed by sharp gains in financial and telecom stocks. "With strong earnings and reasonable valuations, you should expect stocks to go higher," said Ed Keon, chief investment strategist at Prudential. "I think the market represents good value."
Cablevision Systems has agreed to sell itself to the Dolan family -- for $36.26 a share -- in a deal to take the company private, CNBC's David Faber reported.
M&A news and earnings updates were the catalysts behind some of Tuesday's most actively traded stocks.
CNBC’s Mary Thompson reports that a survey of CEO compensation at 452 large companies found the pay of executives hired from outside is 20% higher than top officers promoted from within.
The face of Hannibal Lecter was no match for Shia LaBeouf in a box-office battle of murder thrillers.
Whose story is it, anyway? By now, you may have been able to fathom that the primary function of the Breaking News Desk is to deal with -- yes, you guessed it -- breaking news. I once had a calculus teacher who, when he thought he’d made some complicated concept crystal-clear, would say, “So, the question becomes, what color is the little red schoolhouse?” Unlike the world of higher mathematics, the little schoolhouse isn’t always red at CNBC, and the Breaking News Desk doesn’t always deal with “oh-my-gosh-get-it-on-NOW!” types of stories...
Cablevision Systems appealed a federal court ruling that blocked the New York-area cable TV provider's rollout of a next-generation digital video recorder service.
A federal judge has ruled against Cablevision Systems's experiment with network digital video recorders, siding with Hollywood studios who said the devices would have violated copyright law.
The Dolan family, which controls Cablevision Systems Corp. through a special class of supervoting stock, has failed in a second attempt to take the New York area cable TV provider private.
The Dow scored its second record close in a row and the Nasdaq had its best week in four months as buyers snapped up oil, financial and technology stocks ahead of next week's earnings reports.
The controlling shareholders of Cablevision Systems, the Dolan family, raised their bid today to take the company private to $8.9 billion and said it was their final offer.
Liberty Media Holding Chairman John Malone is gauging the interest of Cablevision Systems controlling family in selling its Rainbow Media unit, the New York Post reported on Wednesday.