Cablevision shareholders may not be feeling so hot about turning down a $36.26 a share offer by the Dolan family to take the New York cable operator private.
Their decision came on Wednesday. A day later, largest U.S. cable operator Comcast Corp. reported a slowdown in subscriber growth and shares plunged 10.8 percent — and took Cablevision and the rest of the business along for the ride.
Cablevision shares fell 4.6 percent to $29.40, nearly $7 a share below the family’s offer. It’s also a long way off the $50 a share some shareholders think the company is worth.
Perhaps the words “Act now, this offer won’t come again” never rang more true.
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