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NEW YORK After several failed attempts, the Dolan family finally is on track to take private cable operator Cablevision Systems, which it controls, in a sweetened $10.6 billion transaction.
News of an agreement on the deal boosted Cablevision shares to new heights Wednesday. The stock was up 8 percent at $35.30 in midday trading. Its previous 52-week high stood at $33.
While the Dolan family controls a majority of Cablevision, the company said a majority of other shareholders must also approve the proposed deal.
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