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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
08/25/201604:00:00Liberty Global Announces Changes within Finance Organization
08/08/201607:08:00U.K. Regulator Ends Premier League Investigation -- Update
08/04/201621:20:00Liberty Global Reports Accelerating Subscriber Growth
08/04/201619:37:00Liberty Global Reports Accelerating Subscriber Growth
08/04/201617:01:00Liberty Global Reports Q2 and H1 2016 Results
08/03/201612:21:00EU Antitrust Regulators Approve Vodafone-Liberty Global Joint...
08/03/201611:52:00EU Antitrust Regulators Approve Vodafone-Liberty Global Joint...
08/03/201611:07:00Vodafone Group & Liberty Global welcome the European Commission’s c...
08/03/201611:00:00EU Antitrust Regulators Approve Vodafone-Liberty Global Joint...
08/03/201610:52:00EU Antitrust Regulators Approve Vodafone-Liberty Global Joint...
08/02/201607:15:00Liberty Global and Discovery Communications Renew Long-Term...
08/02/201607:15:00Liberty Global and All3Media Agree Multi-Territorial Original...
07/30/201603:02:00Sky, Other Bidders Circle Formula One -- WSJ
07/29/201618:30:00Bidders Circle Formula One
07/29/201618:01:00Sky, Discovery/Liberty Global, Others Circle Formula One -- Update
07/28/201617:30:00Liberty Global Schedules Investor Call for Second Quarter Results
07/28/201608:00:00BT Earnings Up as Revenue Jumps -- Update
07/26/201607:10:00BT Rejects Regulator's Call for Legal Separation of Network Business
07/25/201612:52:00NOTICE OF REDEMPTION
07/25/201612:48:00NOTICE OF REDEMPTION

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