After two tries the Dolan family has made an offer that was finally acceptable to shareholders of Cablevision (CVC).
In October of 2006, the family made an offer of $27 per share that was rejected, then upped it to $30 per share in January. That was also turned down.
The new bid of $36.26 per share in cash sounded good to those looking to get a premium out of the deal. That puts the value of the company at around $22 billion. It serves about 3.1 million households in the New York area.
With the offer it provides an 11 percent premium over Tuesday close of $32.67.
Some hurdles still remain as the deal still must be approved by a majority of stockholders and Cablevision executives and directors also must approve it. Other 
regulatory approvals also must be made before the go ahead.
The practicals of the transaction will be a merging of Cablevision and a new company that the Dolan group invested $2.1 billion into, called the Dolan Family Group. Another $15.5 billion in debt financing and refinancing of existing debts will be part of the deal.
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