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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
12/10/201417:33:16Liberty Global Files 8K - Other Events
12/08/201419:09:11Liberty Global Files 8K - Direct Or Off-Balance Sheet Financial...
12/05/201406:33:12Liberty Global Files 8K - Regulation FD
11/21/201408:40:14Merger Talk Among European Telecoms Reaches Fever Pitch
10/30/201404:10:26BT Quarterly Earnings Falls
10/21/201417:51:35Hungary Plans to Tax Internet Use with Levy on Service Providers
10/16/201404:18:16Ziggo 3Q Earnings Rise
10/10/201410:25:48KPN: Dutch Broadband Market Should be Deregulated After EU's...
09/22/201410:29:27EU Opens In-Depth Probe Into Liberty Global's Purchase of De...
09/19/201406:38:22EU Almunia Indicates Approval for Liberty Takeover of Ziggo...
09/19/201405:20:16EU's Almunia Hints at Backing Liberty Takeover
09/19/201405:01:16EU Antitrust Chief Almunia: Indicates Approval For Liberty Takeover...
09/01/201412:45:13EUROPE MARKETS: Novartis Climbs, Iliad Drops: European Movers
09/01/201412:01:47EUROPE MARKETS: Novartis Up, Iliad Drops: European Movers
08/14/201417:40:22Berkshire Hathaway Continued Investing in Media in 2Q
08/14/201417:25:28Berkshire Hathaway Continued Investing in Media in Second Quarter
07/17/201412:51:33EUROPE MARKETS: European Losses Deepen As Ukraine Crisis Intensifies
07/17/201406:25:54EUROPE MARKETS: European Stocks Drop After Fresh Russia Sanctions
06/27/201407:32:28Liberty Global Launches Offer for Ziggo
06/27/201404:55:11Liberty Global Officialy Launches EUR35.74 Ziggo Offer

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