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Cablevision Shareholders to the Dolans: Hell to the no!

Published: Wednesday, January 17, 2007

The Dolan family can't seem to seduce their shareholders into taking their offer which would allow the Dolans to take their company private, even after they sweetened the offer. Apparently the Dolans aren't digging deep enough in their pockets to even get their greedy shareholders to bite. So will they dig deeper or quickly sell off an asset or two to raise money to go back to the table with another offer?

The father-and-son team had no immediate comment on their failure, or whether they would try to mount yet another bid higher than their $30 offer, which they had vowed was their "best and final offer."

Their do-or-die bid also was bogged down by what some analysts called arrogance by Chairman Chuck Dolan and his CEO son James Dolan at trying a shove-down timetable on directors.


Hey Chuck/James, we know its your company and all but, arrogance won't get you anywhere unless you're Donald Trump of course.

DOLANS DENIED [NYP]

Labels: DOLANS

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