September 25, 2015 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Cablevision Systems Corporation (NYSE:CVC), was announced concerning whether the takeover of Cablevision Systems by Altice N.V. for $34.90 per share is unfair to NYSE:CVC stockholders.

The investigation by a law firm concerns whether certain officers and directors of Cablevision Systems Corporation breached their fiduciary duties owed to NYSE:CVC investors in connection with the proposed acquisition.

On September 17, 2015, Altice N.V. and Cablevision Systems Corporation (NYSE:CVC) announced that they have entered into an agreement for Altice to acquire Cablevision Systems Corporation (NYSE:CVC). Under the agreement, Altice will deliver $34.90 in cash for each Cablevision Systems Corporation (NYSE:CVC) share.

However, given that certain holders of shares representing a majority of the outstanding of voting power of Cablevision Systems Corporation (NYSE:CVC) delivered already written consents approving the transaction, the investigation concerns whether the offer is unfair to NYSE:CVC stockholders. More specifically, the investigation concerns whether the Cablevision Systems Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Cablevision Systems Corporation reported that its annual Total Revenue rose from over $6.13 billion in 2012 to over $6.46 billion in 2014. Shares of Cablevision Systems Corporation (NYSE:CVC) grew from $13.76 per share in March 2103 to as high as $28.22 per share in July 2015.