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The Dolan family, which controls Cablevision Systems Corp., on Monday said it offered to buy the remaining shares it does not already own in a deal that values the company at $7.9 billion, sending its shares up almost 12 percent.

Shareholders would receive $27 per share in cash, under the terms of the deal proposed in a Sunday letter to the board of directors, according to a statement issued by the family, which said it was not aiming to sell Cablevision.

The deal, which follows a thwarted effort by the Dolans to buy out the company last year, implies an enterprise value of $19.2 billion, which includes debt for Cablevision.


-Ten
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