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Austar CEO Says Will Advise Market If Receives Takeover Offer

MELBOURNE -(Dow Jones)- Regional subscription television provider Austar United Communications Ltd. (AUN.AU) said Wednesday it would advise the share market if it receives a takeover offer. Austar has been the subject of takeover speculation after it was revealed its major shareholder, U.S.-based cable communications company Liberty Global Inc. (LBTYB), had been in discussions with rival Australian pay television company Foxtel in relation to a possible takeover of Austar. Austar Chief Executive John Porter told analysts at a briefing that there was nothing new to report since a statement last month that it hadn't received a formal proposal from anyone. "We will advise you if there's any change in that situation," he said. Foxtel is 50% owned by Australian telecommunications company Telstra Corp. (TLS.AU), with media companies News Corp. (NWS.AU) and Consolidated Media Holdings Ltd. (CMJ.AU) each owning 25%. News Corp. owns this news wire. -By Gavin Lower, Dow Jones Newswires; 61-3-9292-2095; gavin.lower@dowjones.com

Stock News for Liberty Global (LBTYB)
DateTimeHeadline
04/26/201617:30:00Liberty Global Schedules Investor Call for First Quarter Results
04/20/201612:30:00Liberty Global Receives Shareholder Approval for Acquisition...
04/12/201617:00:00Liberty Global to Hold General Meeting of Shareholders in Connection...
03/22/201609:26:00BT Must Improve Business Services: Regulator -- Update
03/14/201616:44:00Liberty Global Announces Definitive Proxy Statement Regarding...
03/02/201616:30:00Liberty Global to Present at the Deutsche Bank 24th Annual Media...
03/02/201608:38:00ITV Profit Rises; Pays Special Dividend -- Update
02/24/201616:01:00Liberty Global to Present at the Morgan Stanley Technology, Media...
02/22/201609:07:00Vodafone, Liberty Dutch Deal Positive, Moody's Say
02/16/201605:33:00Vodafone CEO: Liberty Deal Not "Blueprint" for Other Markets
02/15/201622:40:00Liberty Global Plans Netherlands Joint Venture With Vodafone
02/15/201619:10:00Liberty Global Reports Fiscal 2015 Results
02/15/201619:00:00Liberty Global and Vodafone to Merge Their Dutch Operations
02/11/201617:30:00Liberty Global Schedules Investor Call for 2015 Results
02/11/201607:44:00Cable & Wireless Reports Growth in 3Q Earnings
02/08/201616:10:00Google CEO Gets Equity Award of $199 Million
02/08/201605:46:00BT Searches for Finance Chief Successor -- Update
02/05/201612:50:00EU Sets Out Objections to Hutchison's Telefó nica U.K. Deal
02/04/201607:20:00EU Clears Liberty Global Acquisition
02/04/201606:27:00EU Clears Liberty Global EUR1.3 Billion Acquisition of Mobile-phone...

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