- New York City is still raising key concerns about Altice's (OTCPK:ATCEY) $10B agreement to acquire Cablevision Systems (CVC +0.4%), even as the deal's timetable winds to a close and questions still exist over whether the city has power to block the deal at all.
- The companies don't think NYC has legal authority, though they're talking with city officials who may be pursuing concessions. The Wall Street Journal reviewed a letter sent by the city last week that again worries about whether investments will be cut in customer service and broadband, and jobs lost.
- The state's PSC is scheduled to decide on the deal May 20, while NYC is planning a decision at a committee hearing on May 9, just two weeks from today.
- Cablevision shares have climbed 8.6% over the past three months and have closed Altice's deal premium to just about 3.2%.
- Now read My Top Media And Publishing Stocks For 2016 »