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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
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...
02/02/201611:29:00Correction to Vodafone, Liberty update
02/02/201610:59:00Vodafone, Liberty Discuss Netherlands Joint Venture -- Update
02/02/201609:50:00Vodafone, Liberty Global in Talks Over Dutch Joint Venture
02/01/201604:57:00BT's Broadband Services Power Earnings -- Update
12/29/201517:30:00Liberty Global to Present at Citi’s 2016 Global Internet, Media a...
12/03/201517:00:00Liberty Global to Present at the UBS 43rd Annual Global Media...
11/18/201508:00:00Liberty Global to Deploy ARRIS Touchstone Gateways to Subscribers
11/16/201514:20:00Liberty Global to Buy Cable & Wireless Communications for $5.3...
11/16/201513:38:00Liberty Global Announces Recommended Share Acquisition of Cable...
11/11/201513:29:00Vodafone Doesn't Rule Out Asset Exchange Talks with Liberty Global
11/10/201512:10:00Lions Gate Stake Sale Gives More Control to John Malone
11/10/201509:49:00LIONSGATE PARTNERS WITH LIBERTY GLOBAL AND DISCOVERY COMMUNICATIONS
11/10/201509:49:00LIONSGATE PARTNERS WITH LIBERTY GLOBAL AND DISCOVERY COMMUNICATIONS
11/06/201513:40:02Liberty Global plc Rides Growth in Europe to Strong Quarter
11/05/201520:10:00Liberty Global's Operating Profit Falls 23%
11/05/201517:45:00Liberty Global Reports Q3 and YTD 2015 Results
11/05/201504:00:00Liberty Global Enhances Customers’ WiFi Experience with Next-Generation W...

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