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Cablevision Worth $4 Billion More Than Buyout Offer: Gabelli

Reuters
Thursday, 3 May 2007 | 12:41 PM ET

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.

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