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Stock Market & Financial Investment News

News Breaks
March 15, 2013
07:44 EDTCVCCablevision volatility at low end of six-year range
Cablevision overall option implied volatility of 30 is below its 26-week average of 33, suggesting decreasing price movement into the company likely to be sold, may be worth $20 per share, says Citigroup.
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February 12, 2016
16:55 EDTCVCCablevision pays $21M for settlement in Dolan litigation
Cablevision has settled the litigation with Thomas C. Dolan concerning matters largely from 2005 to 2008. Under the settlement agreement with Dolan, the company paid Dolan $21M. Charles F. Dolan and James L. Dolan have entered into an agreement to pay the company, in the aggregate, $6M in partial reimbursement of the company's settlement payment to Thomas C. Dolan if the company's pending merger with Altice N.V. is not consummated. Charles F. Dolan is Chairman of the Board and a director of the company, James L. Dolan is the company's CEO and a director of the company, and Thomas C. Dolan is the company's Executive VP-Strategy and Development, Office of the Chairman, and a director of the company. Payment to Thomas Dolan does not reduce or otherwise affect the consideration payable to the company's stockholders under the merger agreement.
February 9, 2016
11:47 EDTCVCCablevision volatility flat into Q4 and update on Altice deal
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February 8, 2016
06:47 EDTCVCNYC increases negative rhetoric over possible Altice, Cablevision deal, WSJ says
New York City is increasing its negative commentary of Altice's (ATCEY) proposed acquisition of Cablevision (CVC), the Wall Street Journal reported Friday, citing a filing with the state's regulator the New York Public Service Commission. According to the filing, the city said it has "serious concern" over the $10B proposed transaction and that it raises "key public interest questions," the report says. The city won't make a formal decision on the proposed transaction until early spring, the report says. Reference Link

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