Cablevision Worth $4 Billion More Than Buyout Offer: Gabelli
By: Reuters
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.
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.
