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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
07/02/201506:37:31U.K. Watchdog: Adapt Public-Service Broadcasting to Internet...
07/01/201517:00:00Liberty Global Launches LiLAC Tracking Stock
06/18/201517:00:00Liberty Global to Hold Annual General Meeting of Shareholders
06/10/201505:18:25Vodafone Launches U.K. Consumer Broadband, Fixed Telephony
06/09/201512:13:36Liberty Global CEO Sees Mobile Services as Important Growth Driver...
06/05/201505:22:38Vodafone in Asset Exchange Talks With Liberty Global -- 2nd Update
06/05/201505:01:14Vodafone in Asset Exchange Talks With Liberty Global -- Update
06/05/201504:40:06Vodafone in Asset Exchange Talks With Liberty Global
06/05/201503:57:31Vodafone in Asset Exchange Talks With Liberty Global
06/03/201511:45:00Liberty Global and Searchlight Complete Choice Acquisition
06/02/201520:06:00Liberty Global Appoints Betzalel Kenigsztein as President & Chief...
05/21/201514:39:41Liberty Global Files 8K - Regulation FD
05/20/201519:00:00Liberty Global Announces Distribution of LiLAC Tracking Stock...
05/20/201515:32:25Liberty Global Files 8K - Regulation FD
05/15/201519:55:34Third Point Sells Entire $1 Billion Stake in Alibaba
05/13/201517:46:09Liberty Global Files 8K - Direct Or Off-Balance Sheet Financial...
05/07/201518:54:42Liberty Global's Customer Growth Slows, Loss Widens
05/07/201517:10:00Liberty Global Reports First Quarter 2015 Results
05/01/201506:59:20Liberty Global Files 8K - Regulation FD
04/30/201518:00:00Liberty Global Schedules Investor Call for First Quarter Results

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