Cablevision Worth $4 Billion More Than Buyout Offer: Gabelli
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.
Cablevision, the New York-area cable operator and entertainment group, agreed Wednesday to be taken private in a $10.6 billion, or $36.26 a share, bid from the Dolan family.
Gabelli heads Gamco Investors, which is a shareholder in Cablevision. He told Reuters he was examining all alternatives and had not yet decided how to vote on the deal.