Faruqi & Faruqi, LLP Announces the Investigation of Cablevision Systems Corporation (CVC) Over the Proposed Sale of the Company to Altice N.V.
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Cablevision Systems Corporation ("Cablevision" or the "Company") (NYSE:CVC) for potential breaches of fiduciary duties in connection with the sale of the Company to Altice N.V. for approximately $17.7 billion in a cash transaction.
The Company's stockholders will only receive $34.90 for each share of Company common stock they own. However, the offer represents virtually no premium over the median analyst price target according to Yahoo!Finance.
If you own common stock in Cablevision and wish to obtain additional information and protect your investments free of charge, please contact F&F's Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.