Cablevision Mulls Options for Boosting Holder Value
Cablevision (CVC) this morning said its board has authorized management to explore options for boosting its stock price. Options include buying back stock, paying regular dividends, spinning off parts of the company “and other potential strategies.”
Of course, one “potential strategy” they didn’t mention would be for the company’s controlling shareholder, the Dolan family, to make a third attempt to take CVC private. Last year, shareholders rejected a $36.26 a share offer to go private as too low.