Monday, November 27, 2006

Cablevision (CVC) option implied volatility is Low as investors wait for better Dolan bid

Cablevision (NYSE: CVC) : CVC, a leading entertainment & communications company controlled by the Dolan family, offered to take CVC private for $7.9 billion ($27 a share) on 10/9/06. CVC is recently trading at $27.68. The Dolan family group has said "that its offer is fair to, and in the best interests of the company and its public stockholders." CVC has long term debt of $12.3 billion. CVC January option implied volatility of 16 is at the low end of its 6-month range according to Track Data, suggesting decreasing price fluctuations. Paul Foster



Post a Comment

<< Home