On Thursday, Cablevision Systems Corporation (NYSE:CVC)’s shares inclined 13.88% to $32.50.
Following the declaration of the acquisition of Cablevision Systems Corporation (CVC) by Altice, Cablevision Chief Executive Officer James L. Dolan issued the following statement on behalf of the Dolan family:
Now, nearly half a century later, the time is right for new ownership of Cablevision and its considerable assets. We believe that Patrick Drahi and Altice will be truly worthy successors, and we look forward to doing all we can to affect this transition for our customers and employees. We expect that Cablevision will be in excellent hands.
Background
- On September 16, 2015, Cablevision reached a definitive agreement with Altice whereby Altice will deliver $34.90 in cash for each Cablevision Class A and Class B share.
- Cablevision shareholders have approved the transaction by written consent.
- Cablevision has agreed that it would not pay any quarterly dividends from now to closing.
- The transaction is predictable to close in the first half of 2016, subject to regulatory and other customary approvals.
Cablevision Systems Corporation, together with its auxiliaries, owns and operates cable systems in the United States. The company operates through three segments: Cable, Lightpath, and Other. The Cable segment provides video services, counting programming, local broadcast network associates and independent television stations, other news, information, sports and entertainment channels, regional sports netoperates, video on demand, and entertainment and advertising services under the Optimum brand name; high-speed data services to residential and small business customers through a cable modem device under the Optimum Online name; and Voice over Internet Protocol services under the Optimum Voice name.
EMC Corporation NYSE:EMC)’s shares dropped -0.64% to $24.70.
EMC Corporation (EMC) declared it has been named for the 5th successive year to the Dow Jones Sustainability Index (DJSI) North America as a result of its corporate sustainability leadership in the technology industry.
The Dow Jones Sustainability Indices are maintained collaboratively by S&P Dow Jones Indices, one of the world’s leading providers of financial market indices, and RobecoSAM, the investment specialist focused exclusively on Sustainability Investing. The indices measure the performance of the world’s sustainability leaders. RobecoSAM invites more than 3,400 publicly traded companies, counting 800 companies in emerging markets, to report annually on their sustainability practices. Companies are selected based on a comprehensive assessment of long-term economic, environmental and social criteria with a strong focus on long-term shareholder value that account for general in addition to industry-specific sustainability trends. Only firms that lead their industries based on this assessment are comprised of in the indices. The indices are created and maintained according to a systematic methodology, allowing investors to appropriately benchmark sustainability-driven funds and derivatives over the long term.
EMC Corporation develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services. It offers enterprise storage systems and software deployed in storage area netoperates (SAN), networked attached storage (NAS), unified storage combining NAS and SAN, object storage, and/or direct attached storage environments, in addition to provides a portfolio of backup products that support a range of enterprise application workloads.
At the end of Thursday’s trade, Visa Inc (NYSE:V)‘s shares dipped -0.07% to $70.94.
Chase Card Services, a division of JPMorgan Chase & Co. [NYSE: JPM], Visa Inc. [NYSE: V] and United Airlines [NYSE: UAL] recently declared the extension of the popular United MileagePlus® credit card program. The multi-year agreements extend the more than 20-year legacy of providing exceptional benefits tailored for consumer and business cardmembers.
This extension will continue offering a rich credit card program across multiple products counting the United MileagePlus® Explorer, United MileagePlus® Explorer Business and United MileagePlus® Club cards. Additionally, cardmembers will continue to enjoy access to exclusive events with InsideAccess.com in addition to exclusive luxury hotel and resort privileges.
Visa Inc., a payments technology company, operates as a retail electronic payments network worldwide. The company facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities.
Cenovus Energy Inc (USA) (NYSE:CVE), ended its Thursday’s trading session with 5.46% gain, and closed at $15.06.
Cenovus Energy Inc. (CVE) continues to receive global recognition for its corporate responsibility performance. The company has been comprised of in the Dow Jones Sustainability World Index for the fourth successive year and in the Dow Jones Sustainability North America Index for the sixth year in a row. Cenovus is the only North American oil and gas producer to make the World Index this year. Areas where the company scored well comprise risk and crisis administration, corporate governance, climate strategy, water administration, corporate citizenship and stakeholder engagement.
Launched in 1999, the Dow Jones Sustainability World Index was the first global sustainability benchmark. The Dow Jones Sustainability Index family, offered jointly by RobecoSAM Indices and S&P Dow Jones Indices, tracks the stock performance of the world’s leading companies in terms of economic, environmental and social criteria. The indices serve as benchmarks for investors who integrate sustainability considerations into their portfolios, and provide an effective engagement platform for companies that want to adopt sustainable best practices. More information about the selection criteria and detailed performance data is accessible at sustainability-indices.com.
Cenovus Energy Inc., an integrated oil company, develops, produces, and markets crude oil, natural gas liquids (NGLs), and natural gas in Canada with refining operations in the United States.
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