Bid buoys Cablevision stox.(securities)

Cablevision shares shot higher Monday on the Dolan family's latest bid to take the company private, although Wall Streeters figure the $27 a share offer is too low.

Stock jumped nearly 11% to close at $26.42 as several analysts predicted the family will raise its bid, or that other cablers could jump in with rival offers. Time Warner, for instance, has long coveted the Bethpage, N.Y., company whose suburban New York systems are a perfect complement to Time Warner Cable's Gotham footprint.

Prudential analyst Katherine Styponias noted that the Dolans' offer re