Dolan Family: $30 per share is our final offer

The Dolan family of Long Island based Cablevision badly wants to take their company private and has come back to the table with what they are calling their "best and final offer". But will shareholders think the offer is good enough? The family, which owns 20 percent of Cablevision's shares but controls 74 percent of the shareholder vote through a special class of stock, raised its offer to $30 per share from $27 per share. They said the bid represents a premium of 25 percent to the stock's closing price on Oct. 6, 2006, the day before the initial offer was made. Offer raised to take Cablevision private [AP]