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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
06/27/201417:50:41Liberty Global Files 8K - Other Events
06/27/201407:32:28Liberty Global Launches Offer for Ziggo
06/27/201404:55:11Liberty Global Officialy Launches EUR35.74 Ziggo Offer
06/24/201417:44:19Liberty Global Files 8K - Regulation FD
05/20/201413:54:02Liberty Global Won't Build German Cell Network
05/15/201418:00:08Third Point Adds New Stakes in American Airlines, Anheuser-Busch
05/15/201417:26:18Point72, Formerly SAC Capital, Bets on BlackBerry, Booz Allen...
05/15/201417:16:53Berkshire Hathaway Takes Stake in Verizon -- Filing
05/15/201417:15:53Soros Sells Out of J.P. Morgan, Bank of America, Citigroup
05/15/201417:10:12Point72 Bets on BlackBerry and Booz Allen
05/15/201416:54:14Point72, Formerly SAC Capital, Bets on BlackBerry and Booz Allen
04/30/201417:35:28Liberty Global Files 8K - Changes Executive Management
04/23/201417:10:55Liberty Global Files 8K - Direct Or Off-Balance Sheet Financial...
04/16/201403:29:51Ziggo Swings to 1Q Net Loss; 2014 Outlook Unchanged
04/03/201408:10:02Dutch Cable Merger Faces EU Antitrust Review
04/03/201407:19:24EU Antitrust Chief Signals Brussels Will Review Dutch Cable Merger
03/19/201416:53:11Liberty Global Files 8K - Unregistered Equity Sales
03/14/201413:43:13Liberty Global Ends Talks to Buy U.K.'s Daisy Group -FT
02/24/201402:57:47Liberty Global, Ziggo Making Good Progress on Offer
02/14/201417:53:37Berkshire Reports New Position of 2.95 Million Shares of Liberty...

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