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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
11/29/201617:30:00Liberty Global to Present at the UBS 44th Annual Global Media...
11/24/201611:00:00New Report Says Europe Needs Multiple Technologies to Achieve...
11/17/201609:23:00Liberty Global CEO: No Further Partnerships with Vodafone Planned
11/16/201617:40:00Vodafone Data Usage in India Crimped by Competition, Says CEO
11/16/201613:29:00Vodafone CEO: India Data Usage 'Not as Healthy' Because of New...
11/08/201616:30:00Liberty Global to Present at the Morgan Stanley European Technology...
11/06/201620:32:00LiLAC to Launch $300 Million Share Buyback Program
11/04/201618:25:00Correction to "Liberty Global Swings to a Loss" (Nov. 3)
11/04/201603:53:00Vodafone to Sell Netherlands Consumer Fixed Business to T-Mobile...
11/03/201621:30:00Liberty Global Swings to a Loss
11/03/201619:29:00Liberty Global Swings to a Loss
11/03/201617:30:00Liberty Global Reports Q3 and YTD 2016 Results
10/25/201619:00:00Liberty Global Schedules Investor Call for Third Quarter Results
10/18/201616:02:00Liberty Global to Acquire Multimedia Polska
09/30/201605:36:00BT, Virgin Media Warn Rates Hike to Hurt Investment -- Update
09/21/201609:00:00Liberty Global and CableLabs Join MulteFire Alliance
09/15/201618:15:00Liberty Global to Present at the Goldman Sachs 25th Annual Communacopia...
09/15/201602:43:00Ziggo Proposes New Financing
09/14/201610:59:00Netflix To Be On Liberty Global Set-Top Boxes -- 2nd Update
09/14/201610:50:00Netflix To Be On Liberty Global Set-Top Boxes -- Update

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