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Notable Mergers and Acquisitions of the Day 7/30: CVC, C

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    Last Updated: July 30th, 2009
    • Cablevision (NYSE: CVC) announced that its board of directors has authorized the company’s management to move forward with the spin-off of the Madison Square Garden business to Cablevision stockholders. The transaction would be structured as a tax-free pro rata spin-off to Cablevision’s existing shareholders and is expected to be completed by year-end 2009, subject to necessary approvals.

      Once the spin-off is complete, Cablevision shareholders would own shares in both Cablevision and the new MSG, which would allow shareholders to more clearly evaluate each of the separate company’s assets and future potential. It is anticipated that the spin-off would be

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