Cablevision Buyout Unraveling Drags Down Loans

18 Oct 2007

News the Dolan family's $10.6 billion proposed buyout of Cablevision Systems is in jeopardy caused the company's secondary loans to trade down to 97 1/2 Wednesday morning--against 99 the previous week.

News the Dolan family's $10.6 billion proposed buyout of Cablevision Systems is in jeopardy caused the company's secondary loans to trade down to 97 1/2 Wednesday morning--against 99 the previous week. The catalyst was the announcement shareholder ClearBridge Advisors, which owns 13.6% of Cablevision, was on the verge ...

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