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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
07/25/201612:52:00NOTICE OF REDEMPTION
07/25/201612:48:00NOTICE OF REDEMPTION
07/19/201604:59:00Vodafone, Liberty Global Name Jeroen Hoencamp as Netherlands...
07/19/201604:00:00Vodafone Group & Liberty Global Announce Intention to Appoint...
06/20/201613:01:00Liberty Global Announces Final Ratio for LiLAC Group Share Distribution...
06/09/201616:45:00Liberty Global to Hold Annual General Meeting of Shareholders
06/09/201616:05:00Liberty Global to Present at the 6th Annual Goldman Sachs European...
06/02/201609:47:00Liberty Global Announces Distribution of LiLAC Group Shares to...
05/16/201609:06:00Liberty Global Completes Acquisition of Cable & Wireless Communications...
05/13/201617:45:00Liberty Global to Present at the 3rd Annual MoffettNathanson...
05/13/201612:35:00Cable & Wireless Communications CEO to Step Down On Takeover...
05/11/201614:40:00Vincent Bolloré Moves to Strengthen Grip at Vivendi
05/10/201613:24:00Liberty Global's Unitymedia Plans Job Cuts, Investments
05/09/201621:20:00Liberty Global Reports Narrower Quarterly Loss
05/09/201619:40:00Liberty Global Reports Narrower Quarterly Loss
05/09/201617:15:00Liberty Global Reports First Quarter 2016 Results
04/26/201617:30:00Liberty Global Schedules Investor Call for First Quarter Results
04/20/201612:30:00Liberty Global Receives Shareholder Approval for Acquisition...
04/12/201617:00:00Liberty Global to Hold General Meeting of Shareholders in Connection...
03/22/201609:26:00BT Must Improve Business Services: Regulator -- Update

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